SpiceJet is planning to raise funds through issue of equity shares/debt instrument on preferential/qualified institutions placement basis. The company’s board of directors will consider options for raising fresh capital at the scheduled meeting on June 30, 2021. The proposal comes at a time when the airline industry is grappling with strong headwinds due to the coronavirus pandemic that has also resulted in less occupancy in many flights.
SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before.
