Ajay Singh, the promoter of SpiceJet, is set to reduce his shareholding in the beleaguered airline by over 10% to raise approximately ₹3,000 crore. Despite the dilution, Singh will remain the largest shareholder, with his stake expected to fall to 30-35%. The airline aims to issue new shares to investors to bolster its capital base. SpiceJet, grappling with financial challenges and operational issues, hopes that the infusion of funds will help stabilize its operations and attract investors amid a robust demand for air travel in India.
Bharti Airtel Q4 Preview: PAT may jump up to 226% YoY on robust ARPU. Up to 35% revenue uptick seen
Bharti Airtel is set to reveal its Q4FY25 earnings on May 13. The telecom giant anticipates a significant surge in year-on-year profit. This growth is