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%.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4638.75 |
| SpiceJet | 13.88 |
| Raymond | 422.05 |
| Global Vectra Helico | 203.85 |
| Taneja Aerospace | 281.55 |
| View more.. | |
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