NCLT on Monday issued a notice to SpiceJet on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against the budget carrier
SpiceJet hives off cargo & logistics biz into new entity tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity SpiceXpress and Logistics Pvt Ltd, from April 1.
The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said.
It also paves the way for SpiceXpress to raise funds independently, SpiceJet said.
SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity SpiceXpress and Logistics Pvt Ltd, from April 1. The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said. It also paves the way for SpiceXpress to raise funds independently, SpiceJet