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 QIP: Board okays 48.7 crore share allotment to raise Rs 3,000 crore
With this allotment, the airline's paid-up equity share capital will increase from Rs 794.67 crore, representing 79.46 crore equity shares, to Rs 1,281.68 crore, representing 128.16 crore equity shares.
SpiceJet Takes Flight With QIP Allotment: Board Greenlights QIP Of 48.7 Crore Shares At ₹61.60 Each Amid Financial Turbulence
SpiceJet, the embattled low-cost carrier on Saturday (September 21) through an exchange filing announced that the company that its board has approved the issuance and allotment of 48.7 crore equity shares to qualified institutional buyers at a price of Rs 61.
SpiceJet QIP allotment: Board approves issue of 48.7 crore shares at issue price of Rs 61.60 per share
SpiceJet is grappling with multiple woes, including financial challenges, legal battles and grounding of aircraft
SpiceJet QIP: Top investors for Rs 3000 crore offer - Check floor price, details
In a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution to raise up to Rs 3,000 crore.
SpiceJet to issue 48.7 crore shares for ₹3,000 crore QIP
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
'SpiceJet Rs 3,000-cr QIP oversubscribed; airline to get funding soon'
SpiceJet's Rs 3,000-crore qualified institutional placement has been significantly oversubscribed by investors including Tata Mutual Fund and Bandhan
SpiceJet QIP: Board approves issue of 48.7 crore share allotment at Rs 61.80 per share
SpiceJet announced on Saturday (Sept. 21) that its board has approved the issuance and allotment of 48,70,12,986 equity shares to qualified institutional buyers at a price of Rs 61.60 per share, which includes a premium of Rs 51.
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 equit
SpiceJet raises Rs 3,000 cr from institutional investors
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 QIP: Board greenlights 48.7 crore share allotment at ₹61.60 per share
With this allotment, the company’s paid-up equity share capital will increase from ₹794.67 crore, representing 79.46 crore equity shares, to ₹1,281.68 crore, representing 128.16 crore equity shares, according to SpiceJet’s regulatory filing.
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The QIP is a part of its efforts to strengthen its balance sheet and address the ongoing financial challenges.
The QIP is a part of its efforts to strengthen its balance sheet and address the ongoing financial challenges.
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SpiceJet to utilise QIP proceeds to stabilise its 'financial health'
Through the QIP, the struggling carrier is aiming to raise funds by selling shares to eligible institutional participants.
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The proceeds will also be used for settling liabilities of creditors, including aircraft and engine lessors, engineering ...