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.
Company Name | CMP |
---|---|
Interglobe Aviation | 3566.90 |
SpiceJet | 61.94 |
Global Vectra Helico | 192.75 |
Jet Airways (I) | 48.40 |
Taneja Aerospace | 466.20 |
View more.. |