SpiceJet receives Rs 500 crore funding from new owner Ajay Singh

Budget carrier SpiceJetBSE -2.61 % has received Rs 500 crore from its new owner Ajay Singh in a much- needed shot of funding even as he today hinted at bringing in new people into the airline's management, but ruled out any immediate changes. 
Singh, whose injection of the funds yesterday is part of a Rs 1,500 crore investment plan to revive the airline, also said that he was open to reviewing SpiceJet's discount fare sales strategy for stimulating demand to decide whether to go on with it or not. 
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