Istithmar exits SpiceJet at loss
Dubai investment group Istithmar has sold all of its 13.4% stake in Indian budget carrier SpiceJet, reportedly at a loss of $7.2 million on the final sale price of $37 million.
Istithmar’s decision came as part of the group’s global policy of exiting positions to deal with its overriding debt and liquidity issues. Istithmar reportedly sold to seven local and foreign mutual...
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