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ā¢ SpiceJet promoter Ajay Singh is in talks with global private credit funds to raise up to $100 million to refinance part of promoter debt and potentially infuse fresh equity in the airline.
ā¢ The talks are currently at an early stage, but the improving profitability of India's aviation sector has improved SpiceJet's prospects.
ā¢ Currently, Singh holds 56.5 percent stake in the company, of which 37.9 percent is pledged with various lenders.