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Why did SEBI give exemption to SpiceJet? | WION Investigation

SEBI's exemption of Spice Healthcare, SpiceJet's promoter group entitiy, to increase its stake in the airline without an open offer raises several questions. Why was the exemption given? For the full detailed rebuttal to SpiceJet's response to our queries, click here: https://www.wionews.com/business-economy/spicejets-statement-addressing-financial-operational-regulatory-concerns-and-wions-rebuttal-8869609