Poging GOUD - Vrij
SpiceJet PAT at ₹₹150 cr, to raise ₹3K cr via QIP
The New Indian Express
|August 15, 2024
SPICEJET on Wednesday announced its second consecutive profitable quarter.
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The carrier reported a net profit of ₹150 Crore for the quarter ending June 2024 (Q1FY25), an increase of 26% over the December quarter (Q4FY24).
To strengthen its financial position and support its growth plans, SpiceJet said it has already initiated the process of raising 3,000 crore through a qualified institutional placement (QIP), which is expected to be completed by the end of September 2024.
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