SpiceJet said, “None of our banks has put our account on high-risk or alert. The same has been confirmed to us by our lenders.” IDFC said in a tweet, “Our net exposure to SpiceJet is quite small at only Rs 46 crore, of which Rs 20 crore is covered under government-sponsored ECLGS, and further supported by comfortable 2X security cover.
We have not categorised SpiceJet as a red-flagged account as it a performing account.” Sources had said promoter Ajay Singh is in talks with a Middle East airline and an Indian conglomerate for a stake sale.
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