SpiceJet to utilise QIP proceeds to stabilise its 'financial health'
WEB1 day ago · SpiceJet plans to use the proceeds from the issue for several key objectives aimed at stabilising its "financial health" and resuming full operations. One of the primary goals is the "payment of statutory dues" amounting to₹601.5 crore. These dues include "Tax Deducted at Source (TDS)", "provident fund", and "Goods and Services Tax ...
India's SpiceJet to raise $270 mln as grounded fleet weighs on …
WEBDec 12, 2023 · India's SpiceJet said on Tuesday it would raise 22.50 billion rupees ($270 million) by selling shares and warrants to help revive its grounded planes that continue to weigh on the cash-starved...
Indian carrier SpiceJet to raise $360 mln in latest move to restore ...
WEBJul 23, 2024 · India's SpiceJet said on Tuesday it plans to raise 30 billion rupees (around $360 million) by selling securities, including shares, marking the troubled budget carrier's latest attempt to shore...
SpiceJet launches share sale to raise up to ₹3,000 crore - CNBCTV18
WEB2 days ago · Last week, SpiceJet had announced that it had secured approval to raise funds through a postal ballot held on September 13, a resolution, which received 99.8% approval. The debt-ridden airline had earlier revealed plans to raise ₹2,500 crore through a qualified institutional placement (QIP) and ₹736 crore …
India’s SpiceJet under investigation after severe turbulence injures ...
WEBMay 3, 2022 · CNN — Indian low-cost airline SpiceJet is under government scrutiny following an incident in which a plane’s autopilot malfunctioned, causing severe turbulence and multiple onboard injuries.
Spicejet Ltd. News - The Economic Times
WEBSep 10, 2024 · Spicejet plans to raise over Rs 3,200 cr via debt, equity. | News. 06 Sep, 2024, 03:42PM IST. Cash-strapped domestic carrier Spicejet plans to raise over Rs 3,200 crore through various debt and equity instruments and capital infusion by the promoter, the airline said in a corporate presentation.
SpiceJet gets good response for Rs 3k cr worth share sale ...
WEB16 hours ago · SpiceJet, which has statutory dues of more than Rs 601 crore, has received a good response for its Rs 3,000 crore-worth sale of shares to qualified institutional buyers. Operating with a reduced fleet as well as facing financial and legal headwinds, the carrier is looking to raise funds.
SpiceJet to borrow Rs 400 cr to revive 25 grounded aircraft after …
WEBMay 3, 2023 · Domestic carrier SpiceJet will borrow nearly Rs 400 crore to revive 25 grounded aircraft, the company said in a statement on Wednesday. The development comes after its rival Go First on Tuesday filed for insolvency proceedings with the National Company Law Tribunal (NCLT).
SpiceJet to raise ₹3000 crore in latest move to restore normalcy
WEBIndia's SpiceJet said on Tuesday it plans to raise 30 billion rupees (around $360 million) by selling securities, including shares, marking the troubled budget carrier's latest attempt to shore...
SpiceJet rallies 15% in 2 days, hits over 7-month high on heavy …
WEB6 days ago · Shares of SpiceJet hit an over seven-month high of Rs 72.25, as they rallied 9 per cent on the BSE in Friday’s intra-day trade. Shares of the airline have surged 15 per cent in the past two days amid heavy volumes on expectation of healthy growth. The stock of the low-cost airline is trading at ...
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