The UK-based promoter-director Bhulo (Bhupendra) Kansagra of Delhi-based low-cost carrier SpiceJet is willing to divest the family stake in the airline if the valuations are right. The Kansagra family owns 12.91 per cent in the airline, which is publicly listed, and has a 10 per cent share in the Indian market, and a market capitalisation of $250 million.
SpiceJet to add 7 planes; another Rs 500 cr infusion in April.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
Spicejet has sought extention from the Airports Authority of India over payment schedule.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
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