Budget carrier SpiceJet raised Rs 1,060 crore through its preferential issue, with investors including Aries Opportunities Fund Ltd. and Elara India Opportunities Fund Ltd. The funding will help the airline induct fresh capacity, reduce liabilities, and lower the cost of capital.
SpiceJet s Ajay Singh Wants To Bite Off More Than He Can Chew Can He Work It Out In The End? forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.
On December 12, the company approved raising fresh capital amounting to ₹2,241.5 crore, aimed at fortifying its financial standing and facilitating investments in growth initiatives.
Shailendra Ajmera, the resolution professional (RP), who is overseeing the airline’s resolution process, has reportedly received interest from three parties SpiceJet, SkyOne a Sharjah-based aviation firm and Africa-focussed Safrik Investments
SpiceJet board approves fundraising of INR 2,250 through issues of equity shares, warrants travelbizmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from travelbizmonitor.com Daily Mail and Mail on Sunday newspapers.