स्पाइसजेट अपनी कार्गो इकाई स्पाइसएक्सप्रेस के लिए आईपीओ की योजना बना रही है

SpiceJet plans IPO for its cargo unit SpiceXpress: 27.09.2019

Points to Remember:

  • SpiceJet is planning to sell shares in its logistics business, SpiceXpress, in an Initial Public Offering (IPO) amid rise in e-commerce increasing demand for shipping across the region.
  • SpiceXpress could be listed on a stock exchange within 12 months, SpiceJet Chairman Ajay Singh said.
  • The one-year-old cargo division has four freighters and expects to receive another six by 2019 end.

What is an IPO?

  • An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Public share issuance allows a company to raise capital from public investors.
Important Possible questions based on above News:
  1. What is the name of the cargo unit of SpiceJet which SpiceJet planning to launch its IPO? SpiceXpress
  2. Who is the chairman of SpiceJet? Ajay Singh

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