INSUBCONTINENT EXCLUSIVE:
Spicejet (Photo: Wikipedia)1 min read Last Updated : Sep 14 2024 | 12:15 AM IST
SpiceJet on Thursday said its shareholders have approved
the proposal to raise up to Rs 3,000 crore through issuance of securities.
The no-frills carrier -- which is grappling with multiple woes,
including financial challenges, legal battles and grounding of aircraft -- is looking to raise money that will help it meet various
obligations.
In a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising
funds of up to Rs 3,000 crore.
The funds are proposed to be raised through Qualified Institutional Placement (QIP) and other
cent to close at Rs 71.66 on the BSE.First Published: Sep 13 2024 | 9:42 PMIST
