Wednesday, March 19, 2025

Creating liberating content

Nigeria’s Trans-Niger pipeline (x.com/Nigeria Stories) A section of the Trans-Niger

Paithani silk sarees were initially worn by the Maratha royal

Related News

Shreyas Iyer will lead Punjab Kings in the upcoming season of IPL 2025. Shreyas Iyer’s career has seen significant changes. After being removed from BCCI’s central contracts list in 2024

Nigeria’s Trans-Niger pipeline (x.com/Nigeria Stories) A section of the Trans-Niger Pipeline, one of Nigeria’s biggest pipelines, has exploded, media reported on Tuesday.The pipeline is crucial for oil transportation in the

Paithani silk sarees were initially worn by the Maratha royal families and still follow that legacy, making them a timeless piece of elegance. Known for their unique ‘extra weft’ techniques,

Despite India’s Champions Trophy 2025 title win, legendary former India captain Sourav Ganguly has voiced a big concern with the team. Ganguly stated that India still have a

A Delta Airlines aircraft en route to New York’s JFK Airport declared an emergency after finding a ‘mechanical issue with flight deck window heat,’ and reversed course over the Atlantic

Let people know all about it People do not want to hear ‘I am the new CEO’, they also wish to hear the struggles, the road to success, the journey,

Trending News

Google parent Alphabet agreed to acquire cloud security firm Wiz for $32 billion in cash, reaching a deal less than a year after initial negotiations fell apart because the cloud-computing

Ashok Hinduja (File photo) To List Insurance Arms In 2 Years, Plans RebrandingMUMBAI : IndusInd International Holdings (IIHL) has completed the Rs 9,650-crore acquisition of Anil Ambani-promoted Reliance Capital under

Cipla has announced an exclusive licensing agreement with Taiwan-based Formosa Pharmaceuticals to market clobetasol propionate ophthalmic suspension 0.05% (APP13007) across 11 countries, including India. It is used to treat post-op

NEW DELHI: Hudco will become a zero NPA company with no bad loans in its books in the next 18 months, following resolution of projects worth around Rs 1,200 crore

India’s Largest Pvt Debt-Raise In Domestic Currency To See Participation Of 15 InvestorsMUMBAI: Five private credit funds, including Davidson Kempner Capital Management, Cerberus Capital Management and Ares Management Corp, will

Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, BHEL, Astrazeneca Pharma and Maruti Suzuki India

SpiceJet’s Singh to infuse Rs 294 crore, up stake to 34%

Word Count: 442 | Estimated Reading Time: 3 minutes


SpiceJet's Singh to infuse Rs 294 crore, up stake to 34%

NEW DELHI: SpiceJet founder-promoter Ajay Singh will raise his stake in the airline from 29.1% to 33.5% by infusing Rs 294 crore through Spice Healthcare (a promoter group company). This funding will happen through the conversion of 13.1 crore warrants into an equivalent number of equity shares. The airline said
Singh is disposing up to 3.1 crore equity shares and will utilise the proceeds to enable Spice Healthcare to partially fund the balance of 75% of the amount at the time of allotment of the equity shares pursuant to exercise of option to convert said warrants.
Singh said: “This fresh infusion reaffirms our commitment to the airline and its bright future. This investment will further strengthen financial position and drive growth.”





Source link

Sign In

Welcome ! Log into Your Account