SpiceJet has raised an additional Rs 316 crore, bringing the total investments raised to Rs 1060 crore under its preferential issue. The combined sum reflects strong investor confidence in SpiceJet's future and unlocks exciting opportunities for the company.
The Preferential Allotment Committee of SpiceJet’s Board of Directors convened on February 21, 2024, approved the allotment of 4.01 crore equity shares on a preferential basis to two investors, including Aries Opportunities Fund. Additionally, the Committee sanctioned the allotment of 2.31 crore warrants, offering the option to apply for and be allotted an equivalent number of equity shares, to four investors, including Elara India Opportunities Fund.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
