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Cash-strapped SpiceJet raises Rs 316 crore as part of funding plan

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. ....

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SpiceJet to revive 25 grounded aircraft; to draw funds from ECLGS scheme

SpiceJet said that it has already mobilised around Rs 400 crore towards getting the grounded fleet back in air. It will further enhance its top-line. ....

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