SpiceJet, India's second-biggest budget carrier by market share has raised funds to the tune of Rs 126.50 crore by allotment of 12.65 million compulsory convertible debentures (CCDs) of Rs 100 each to Mr. Kalanithi Maran, promoter of the company on preferential basis.
Recently, the company had received its shareholders nod to raise funds through issue of debentures and warrants, on preferential basis, to its promoter Kalanithi Maran.