Market News
2 min read | Updated on September 09, 2024, 03:26 IST
SUMMARY
As per news reports, Ajay Singh, the promoter and chairman of SpiceJet, may offload more than 10% of the stake. Besides, the airline announced it has signed a term sheet with Carlyle Aviation Management to restructure part of its aircraft lease obligations amounting to $137.68 million.
Stock list
At 07:56 AM, the GIFT Nifty futures were trading 0.29% higher at 24,845.50 levels.
Domestic equities are expected to see a negative start to trading on Monday, September 9. At 07:56 AM, the GIFT Nifty futures were trading 0.29% higher at 24,845.50 levels. This, as per publicly available information, indicates that the NIFTY index will open 61 points lower.
The funds will be utilised in fleet ungrounding, liability settlement, new fleet induction, and other general purposes, SpiceJet said in the presentation.
Besides, the airline announced it has signed a term sheet with Carlyle Aviation Management to restructure part of its aircraft lease obligations amounting to $137.68 million.
Further, there are reports that Ajay Singh, the promoter and chairman of the airline, may offload more than 10% of the stake.
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