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Spicejet plans to raise more than ₹3,200 crore through debt, equity
Millennium Post Delhi
|September 07 , 2024
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.
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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.
"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.
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