Spicejet plans to raise over Rs 3,200 crore via debt, equity
Cash-strapped domestic carrier Spicejet plans to raise Rs 3,200 crore through QIP, warrants and capital infusion by the promoter, the airline said in a presentation on Friday. - File photo
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Cash-strapped domestic carrier Spicejet plans to raise Rs 3,200 crore through QIP, warrants and capital infusion by the promoter, the airline said in a presentation on Friday.
The funds will be utilised in taking back the grounded fleet in operations, liability settlement, new fleet induction and other general purposes, SpiceJet in the presentations.
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“Spicejet plan to raise Rs 2,500 crore through QIP and Rs 736 crore through Previous Warrants and promoter infusion, the airline said in an investor presentation,” it said in a corporate presentation to investors ahead of its proposed capital infusion.
The proposed funds raised are subject to shareholders’ approval.
Ajay Singh-promoted SpiceJet had earlier in January this year, could raise only Rs 1,060 crore through preferential issues against its Rs 2,250 crore funding plan announced in December last year.
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