SpiceJet's Ajay Singh may sell over 10 pc stake in airline to raise funds

Ajay Singh, SpiceJet's chairman, may offload over 10% of his stake in the airline as part of a funding round closing by September's end. The budget carrier aims to raise Rs 3,200 crore through various means to meet obligations and revive its grounded fleet. Discussions with potential investors are ongoing. https://ift.tt/Pn2WxEl