Carlyle Aviation to convert lease rental dues to equity in SpiceJet https://ift.tt/mxz8uw3 aware of the development said Carlyle will take an equity stake of around 5% in the company. SpiceJet will also issue Convertible Debentures in its newly- formed logistics arm SpiceXpress, which Carlyle can convert to equity at a future date. As part of this exercise, SpiceJet has valued its freighter business at $1 billion.
Wednesday, February 22, 2023
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