SpiceJet says sovereign wealth fund ADIA buys its shares from open market

Abu Dhabi's sovereign wealth fund ADIA has acquired shares of SpiceJet from the open market. The no-frills carrier is facing multiple headwinds and is in the process of raising funds through preferential issuance of securities, raising a total of Rs 1,060 crore and planning to raise Rs 2,250 crore in fresh capital. SpiceJet's stock declined 1.

from Stocks-Markets-Economic Times https://ift.tt/1ZFah5s