SpiceJet creditor takes airline shares at 78% premium as part of settlement
Under a new agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of ₹100 per share, which is 78% higher than the previous closing price.
Under a new agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of ₹100 per share, which is 78% higher than the previous closing price.
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