SpiceJet will issue convertible warrants to 64 allottees, including Prabhudas Lilladher Advisory Services, LKP Finance, Martina Developers, and Fincon, at Rs 50 apiece. This is 18.4% lower than the airline s stock price of Rs 61.3 when markets closed on December 11
Last week, SpiceJet announced a plan to raise over Rs 2,250 crore by issuing up to 130 million convertible warrants. This capital infusion could support the airline in its potential acquisition of Go First, sources have said