Istithmar PJSR
Istithmar exits SpiceJet for $25.3 million
Dubai-headquartered investment firm Istithmar has made its expected exit from Indian budget carrier SpiceJet, obtaining $25.3 million from a number of institutional investors for its 6.9% stake in the business.
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 Jackson resigns
David Jackson, hitherto CEO of Dubai World investment division Istithmar World, has stepped down, with Istithmar CIO Andy Watson taking his place.