EaseMyTrip’s Pitti raises Go First bid by Rs 150 crore

NEW DELHI: EaseMyTrip founder Nishant Pitti has raised by another Rs 150 crore his joint bid for Go First (earlier GoAir) along with SpiceJet chairman & MD Ajay Singh. The initial bid, with Pitti providing the funding and Singh operational know-how, is learnt to have been Rs 500-600 crore, say sources.However, with the erstwhile Wadia group airline owing creditors, including banks, Rs 6,521 crore, the committee of creditors reportedly asked Pitti to relook the same. And now, the combined bid…
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Source: https://timesofindia.indiatimes.com/business/india-business/easemytrips-pitti-raises-go-first-bid-by-rs-150-crore/amp_articleshow/108628758.cms