Last Updated: Wednesday, February 25, 2015, 18:45
Shares of SpiceJet Wednesday settled for the day with gains of over 3.31 percent, thereby adding Rs 47 crore to its market capitalisation after Ajay Singh became the new promoter of the company.
Last Updated: Tuesday, February 24, 2015, 20:23
Budget carrier SpiceJet has started paying back to its creditors with the airline clearing all its dues related to TDS payments following its ownership going back in the hands of the original promoter Ajay Singh.
Last Updated: Tuesday, February 24, 2015, 11:20
Singh, the original promoter of SpiceJet, is now back at the helm as part of a revival plan that would also be seeing a capital infusion of Rs 1,500 crore into the low-cost carrier.
Last Updated: Monday, February 23, 2015, 23:22
The ownership of budget carrier SpiceJet came back in the hands of its original promoter Ajay Singh again Monday after the shares of the Marans' family were physically transferred to his account.
Last Updated: Friday, February 20, 2015, 18:27
Shares of SpiceJet on Friday surged nearly 20 percent after fair trade watchdog CCI approved original promoter Ajay Singh's plan to acquire controlling stake in the carrier.
Last Updated: Thursday, February 19, 2015, 21:14
With clearance from the Competition Commission of India (CCI), the low-cost carrier's original promoter is closer to taking the management reins and ownership of SpiceJet.
Last Updated: Thursday, February 19, 2015, 20:05
With the approval, the deal will now see a new ownership in Ajay Singh as well as a new infusion of funds into the airline.
Last Updated: Tuesday, February 17, 2015, 21:02
The Competition Commission is looking into SpiceJet's proposed deal with its original promoter Ajay Singh and a decision is yet to be finalised.
Last Updated: Friday, February 13, 2015, 13:15
Shares of budget airline SpiceJet today fell by 4 percent after the company reported widening of net loss by a steep 59 percent during the third-quarter at Rs 275 crore.
Last Updated: Tuesday, February 3, 2015, 21:25
SpiceJet on Tuesday said it has filed an application with the Civil Aviation Ministry seeking security clearance for Ajay Singh to be appointed as a director of the carrier.
Last Updated: Monday, February 2, 2015, 23:27
The Civil Aviation Ministry has sent the name of Ajay Singh to the Home Ministry for security clearance before approving his appointment as a director of cash-strapped SpiceJet, where he will take a majority stake.
Last Updated: Friday, January 30, 2015, 11:00
The embattled airline, which received a lifeline from original promoter Singh earlier this month, would issue up to 37.5 lakh non-convertible cumulative redeemable preference shares.
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