SpiceJet promoter Ajay Singh to infuse Rs 500 crore into airline
The Board of Directors of the Company, which met on 12th July, 2023, considered options for raising fresh capital for the Company where Ajay Singh, Promoter of the Company, in order to strengthen the financial position of the Company, offered to infuse Rs 500 crore.
With this fund infusion by the promoter, SpiceJet would be entitled to additional credit facilities of Rs 206 crore under the Emergency Credit Line Guarantee Scheme. (File image)