Carlyle to get 7.5% stake in SpiceJet as part of debt restructuring
The struggling airline has converted its unpaid debt to Carlyle and its affiliates into equity shares and compulsorily convertible debentures, according to a press release from the company, and as a result, Carlyle Aviation Partner will receive a 7.5% stake in SpiceJet Ltd. By issuing equity shares and compulsorily convertible debentures of 25.56 billion rupees, SpiceJet