Abu Dhabi's sovereign wealth fund, ADIA, acquires shares in Indian low-cost carrier SpiceJet from the open market.

Abu Dhabi's sovereign wealth fund, ADIA, has acquired shares in Indian low-cost carrier SpiceJet from the open market, according to a SpiceJet spokesperson. The airline, which is facing multiple challenges and fundraising efforts, did not disclose specific details of the transaction. ADIA's acquisition of shares comes after SpiceJet raised Rs 1,060 crore ($136 million) through a preferential issue of securities in recent weeks.

March 04, 2024
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