SpiceJet, Genesis reach agreement in $16 million dispute, share prices shoot up
Genesis and have resolved a $16 million dispute. Under the settlement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of Rs 100 per share.
The agreement will result in a significant saving for the airline as it navigates a path toward long-term growth.
The settlement is a part of the airline's continued commitment to restoring financial stability, achieving operational resilience, and reducing legal liabilities, the company said in a press release.
Both parties have agreed to withdraw all ongoing litigations and disputes related to this matter at the appropriate forums, subject to all settlement terms being fulfilled.
Marketing
Digital marketing — Wordpress Website Development
By — Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert
Design
Microsoft Designer Guide: The Ultimate AI Design Tool
By — Prince Patni, Software Developer (BI, Data Science)
Artificial Intelligence(AI)
Collaborative AI Foundations: Working Smarter with Machines
By — Prince Patni, Software Developer (BI, Data Science)
Web Development
Django & PostgreSQL Mastery: Build Professional Web Applications
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Finance
A2Z Of Money
By — elearnmarkets, Financial Education by StockEdge
Legal
Complete Guide to AI Governance and Compliance
By — Prince Patni, Software Developer (BI,
