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Carlyle to acquire 5.9% stake in SpiceJet
Mint Mumbai
|August 03, 2023
Low-fare airline SpiceJet has sought shareholders’ nod to sell 5.91% stake to aircraft lessor Carlyle Aviation at ₹48 per share
Shares of SpiceJet jumped on the news, rising 7.2% on the BSE on Wednesday to close at ₹31.42, on a day the benchmark Sensex index fell 1%.
The company proposed to issue up to 4.81 crore equity shares of the face value of ₹10 worth ₹48.1 crore to nine associated companies of Carlyle. The issue will be on equity conversion of Spicejet’s dues totalling $28.2 million.
The company also sought shareholders’ nod to re-appoint Ajay Singh as managing director with a monthly fixed pay of ₹60 lakh a month, 2.5% of annual net profit of the company as variable pay, and other benefits.
The company also sought nod to raise up to ₹2500 crore through a qualified institutional placement.
Esta historia es de la edición August 03, 2023 de Mint Mumbai.
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