SL Narayanan, group chief financial officer, Sun Group- the promoter of SpiceJet , says the airline company’s flash sales have aided in increasing its utilizations. In Q1 the company reported upto 80 percent utilization. Speaking to CNBC-TV18’s Ekta Tendulkar and Anuj Singhal, Narayanan says the flash sales that the company has been announcing regularly this fiscal is a mere attempt at getting rid of distressed inventories.
Narayanan, who’s company’s market share rose to 21 percent in August says the airline company’s attempt to raise funds via the two-stage conversions will increase the promoter holding by 10 percent.
07/10/14 moneycontrol.com
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Narayanan, who’s company’s market share rose to 21 percent in August says the airline company’s attempt to raise funds via the two-stage conversions will increase the promoter holding by 10 percent.
07/10/14 moneycontrol.com
