SpiceJet Deal: Jackpot hit by SpiceJet, now the company will run at the speed of Express! – uk’s sram and mram group to invest 100 million dollars in spiceexpress signs mou
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Earlier, SpiceJet had entered into a restructuring agreement with aircraft leasing company Carlyle Aviation Partner. Carlyle Aviation Partner has bought a stake in SpiceXpress. This stake has been bought at a future valuation of $ 1.5 billion i.e. Rs 12,422 crore. SRAM & MRAM Group’s business is spread across several countries. It has offices in Cambodia, South Africa, Indonesia, Malaysia, Bahrain, Georgia, India and Bangladesh. Its business spans Agricultural & Agro-Food Products, Neural Networks, Artificial Intelligence, Head Fund Management, Forex Management, Hospitality Services & Solutions, IT, Media & Publishing, Embedded Systems and Infrastructure.
great growth opportunity
Expressing happiness over the deal, Ajay Singh said that we have recently separated SpiceXpress. We are extremely bullish about our logistics business and this deal reflects our confidence in that. This investment will help SpiceXpress to grow its business and provide better service to its customers. SRAM & MRAM Group Chairman Dr. Sailesh Lachu Hiranandani said that there are great opportunities for growth in the logistics and cargo sector in India. We are confident that SpiceXpress will contribute to India’s growth story. Air cargo is a nascent market and the company has done exceptionally well.
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