SpiceJet raises ₹3,000 crore from institutional investors
SpiceJet Limited raises ₹3,000 crore through share sale to institutional buyers, aiding struggling airline's financial stability.
SpiceJet QIP: Board okays 48.7 cr share allotment to raise Rs 3,000 cr
Struggling low-cost carrier SpiceJet on Saturday said its board has approved the issuance and allotment of 48.70 crore equity shares to qualified institutional buyers at Rs 61.60 per share.
SpiceJet Secures Rs 3,000 Crore Funding Through QIP
SpiceJet has raised Rs 3,000 crore by selling shares to qualified institutional buyers. This funding, involving major foreign entities, will help the airline address financial liabilities. The allotment was made at Rs 61.
SpiceJet raises Rs 3,000 crore through sale of shares to qualified institutional buyers
Proceeds from the QIP will be used to pay creditors, including aircraft and engine lessors, as well as engineering vendors and financiers.
SpiceJet’s Share Sale Said to Lure Tata Mutual Fund Among Others
SpiceJet Ltd.’s $358 million share sale attracted bids from several large investors including Tata Mutual Fund, people familiar with the matter said, providing a lifeline to the Indian airline that has furloughed staff and delayed tax payments.
SpiceJet raises Rs 3,000 cr from institutional investors via share sale
SpiceJet has raised Rs 3,000 crore through sale of shares to qualified institutional buyers, providing a much-needed tailwind for the struggling airline.
SpiceJet allots 48.70 crore shares at Rs 61.6, nearly Rs 3,000 crore raised through a QIP
Investors that picked up more than 5 per cent included Authum Investment (9.33 per cent), Discovery Global Opportunity (Mauritius) (8.33 per cent), Troo Capital (6.67 per cent), Societe General-ODI (6.
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QIP oversubscribed by Tata Mutual Fund, Discovery Fund. SpiceJet's ₹3,000 crore QIP has attracted significant investor interest, and was oversubscribed by key players such as Ta
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