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SpiceJet set to get US$200m boost from founder, JPMorgan

MR SINGH: He and JPMorgan pumped in 170 million rupees to help clear dues to oil refiners.

New Delhi

JPMORGAN Chase & Co is partnering with SpiceJet Ltd's co-founder for a US$200 million holding in the distressed Indian carrier, a senior government official said.

A private-equity unit of JPMorgan and Ajay Singh, who quit as a director of the airline in 2010, plan to...

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