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SpiceJet plans to raise capital through preferential allotment

22 Nov 2012 Evaluate

SpiceJet, the Sun group-promoted airline company, is planning to raise equity capital from promoter group by issuing convertible debentures or warrant to fund its expansion plan. This issuance will be convertible up to a maximum of 52.177 million equity shares. The company will use these funds for expansion and it will also explore options including equity contribution from existing shareholders and raising debt.

At present, the entity company had 484.349 million outstanding shares with promoters holding a 48.59% at the end of quarter ending 30 September. Issuance of convertible debenture or warrant will take promoters holding up to 53.59%.

SpiceJet Share Price

13.88 -0.26 (-1.84%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4638.75
SpiceJet 13.88
Raymond 422.05
Global Vectra Helico 203.85
Taneja Aerospace 281.55
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