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SpiceJet gets shareholders' nod to transfer logistics biz to subsidiary

21 Sep 2021 Evaluate

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.

SpiceJet Share Price

13.61 -0.27 (-1.95%)
20-Apr-2026 11:22 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4658.60
SpiceJet 13.61
Raymond 423.25
Global Vectra Helico 199.85
Taneja Aerospace 279.30
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