2nd time: Lessor Carlyle to convert part of SpiceJet dues into equity at 63% share price premium
Friday, 6 September 2024
SpiceJet secures a lifeline as Carlyle, a major aircraft lessor, agrees to convert $40.2 million of dues into equity at Rs 100 per share. This strategic move is part of SpiceJet's efforts to raise funds and address mounting payables amid ongoing financial struggles.
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