
SpiceJet completes payment of $1.5 mn to Credit Suisse; share rises 4%
“SpiceJet has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse,” the airline says in an exchange filing.
“SpiceJet has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse,” the airline says in an exchange filing.
Delhi High Court warns Ajay Singh that it may attach the airline's assets if the payment is not made by September 10.
The Gurugram-based airline will reportedly issue 3.4 crore equity shares of the face value of ₹10 apiece and 13.5 crore warrants to Spice Healthcare.
Delhi HC directs SpiceJet to pay ₹579 cr award, along with interest, to airline's former promoter Kalanithi Maran
Ajay Singh, the promoter of SpiceJet will infuse ₹500 crore by way of subscription to equity shares and/or convertible securities/equity share warrants on a preferential basis.
SpiceJet says the final amount to be paid by either side will be determined by Delhi HC, and that orders in this petition were reserved and are awaited
SC refuses to grant any extension to SpiceJet, directs to pay ₹380 cr to ex-promoter Maran in the 2018 arbitration award case
SpiceJet has initiated the process of reviving its grounded fleet with the $50 million funds received from ECLGS and internal cash accruals.
The move paves the way for SpiceXpress to raise funds independently.
Decision taken to “rationalise” cost as a prolonged grounding of the MAX fleet has led to excess pilots, says SpiceJet.