SpiceJet revival: Ajay Singh says more investors to join in


Stating that the road ahead for SpiceJet is "pretty tough", its original founder and new owner Ajay Singh today said he is in talks with more than one investor for fund infusion into the carrier. 

Singh, to whom current promoters Maran family have agreed to transfer their entire over 53 per cent stake as part of a revival plan, said turnaround for the airline could happen in the 2-3 quarters. 

"SpiceJet is in a tough position and the road ahead is pretty tough but I think the road is worth travelling on," Singh told private television channels. 

Responding to a question on whether an open offer would be made under Sebi norms for acquiring stake in SpiceJet, Singh said he would make an offer if market regulator Sebi asks for it. 


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