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| Exchange Disseminated Time | The Exchange had sought clarification from Spicejet Ltd with respect to news appearing in Business Standard on December 23, 2014 titled "Spicejet in talks with two US-based PE firms."
Spicejet Ltd replied stating "The airline is presently making efforts to recapitalize and operate at level to bring more efficiency in its operations and has been in discussion with various entities for recapitalization either through debt or equity. However, it will be inappropriate to name any entity at this stage until definitive and binding arrangements are reached between the parties." |
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