NEW DELHI: The Abu Dhabi Funding Authority has purchased an undisclosed variety of shares of finances provider SpiceJet from the open market. Confirming this, a SpiceJet spokesperson stated: “Yes, ADIA has acquired shares of the airline from the open market.” The possession of international institutional buyers (FIIs) in SpiceJet has elevated from 0.3% in Dec 2023 to six.2% in Feb 2024.In response to BSE submitting, the promoter and public classes holds 48.5% and 51.5% stake in SpiceJet, respectively. The airline has received some funding up to now few months. Its CMD Ajay Singh has lately made a joint bid for GoAir together with EaseMyTrip founder Nishant Pitti. Whereas Pitti, who has bid via his firm Busy Bee, will herald about Rs 500 crore for the revival course of, Singh, who has bid in his private capability, will get expertise of working an airline to the desk.
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