UK’s SRAM & MRAM Group to invest $100 million in SpiceJet’s arm

15 May 2023 Evaluate

United Kingdom?based SRAM & MRAM Group will invest $100 million in SpiceXpress and Logistics, a subsidiary of SpiceJet. Both sides have signed a MoU as part of the investment deal. SpiceJet recently completed the hive off ‘SpiceXpress’ into a separate entity effective April 1, 2023 paving the way for the company to raise funds independently. 

Headquartered in United Kingdom, SRAM & MRAM group is a leading international conglomerate with offices in Cambodia, South Africa, Indonesia, Malaysia, Bahrain, Georgia, India & Bangladesh. The Group’s interests are spread across multifarious services, business verticals and operations viz., agricultural and agro?food products, neural networks, artificial intelligence, hedge fund management, forex management, hospitality services and solutions, information technology, media and publishing, embedded systems and infrastructure.

SpiceJet is among the first private companies that stepped into the Indian aviation sector.

SpiceJet Share Price

35.97 -1.06 (-2.86%)
22-Sep-2023 18:01 View Price Chart
Company Name CMP
Interglobe Aviation 2359.75
SpiceJet 35.97
Jet Airways (I) 56.38
Global Vectra Helico 75.00
Taneja Aerospace 244.45
View more..