SpiceJet Gains Liquidity After $89.5M Carlyle Deal

  Published 9 months ago

SpiceJet shares climb 3.4% to ₹34.13 after $89.5M Carlyle settlement boosts liquidity for its operations.

  • Carlyle restructures $121.2M lease dues, receiving $50M worth of SpiceJet shares in exchange for cash.
  • Extra proceeds from share sales will lower future lease obligations, enhancing financial stability for SpiceJet.
  • Despite a 39% YTD drop, recent news sparked 1.5%, 5% rally, reviving investor interest in the market.

You might like these

Nifty Auto Surges on GST Boost

SBI Plans $2.9B Share Sale

Market Buzz: Earnings, Bans & Stock Moves

Gabriel India Expands via Strategic Merger & Demerger

L&T Launches Texas Tech Hub for Defense & AI Innovation

DCX Systems FY25: Challenging Year & Positive Outlook

JSW Energy Boosts Renewables to 56% Capacity

News that matters the most ⚡