SpiceJet is planning for issuance of equity shares on preferential basis consequent upon conversion of outstanding liabilities into equity shares of the Company, subject to applicable regulatory approvals. Further, the airline is planning to raise fresh capital through issue of eligible securities to qualified institutional buyers, subject to applicable regulatory approvals. Both plans will be taken up by the board of directors during its meeting scheduled for February 24, 2023.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
