SpiceJet’s shareholders have approved the transfer of its cargo and logistics services business to a subsidiary, on a slump sale basis, through an all-share deal worth over Rs 2,555 crore, a move that will help the airline to significantly reduce its negative net worth.
Besides, the shareholders have cleared the proposal to raise to Rs 2,500 crore through the Qualified institutional placement (QIP) route.
SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4658.60 |
| SpiceJet | 13.61 |
| Raymond | 423.25 |
| Global Vectra Helico | 199.85 |
| Taneja Aerospace | 279.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: