Ajay Singh, who is reportedly close to Prime Minister Narendra Modi, is preparing a fresh blue print to revive the haemorrhaging SpiceJet, according to a Business Today report.
Citing sources, the report said Singh, who retains a 4.5 per cent stake in SpiceJet, aims to bump up his minority shareholding in 'phase 1'.
Having begun with the process of due diligence last Saturday, Singh's team is dealing directly with current owner Kalanithi Maran's team on finances and how to cauterise the bleeding.
23/12/14 domain b
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Citing sources, the report said Singh, who retains a 4.5 per cent stake in SpiceJet, aims to bump up his minority shareholding in 'phase 1'.
Having begun with the process of due diligence last Saturday, Singh's team is dealing directly with current owner Kalanithi Maran's team on finances and how to cauterise the bleeding.
23/12/14 domain b
