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Spicejet plans to raise money from its promoters

14 Jan 2014 Evaluate

Indian budget carrier Spicejet is seeking its members’ approval to raise the promoters’ stake in the company by almost 5%.

Earlier on January 9, 2014, the company’s board of directors decided to issue up to 6,41,69,000 warrants of the face value of Rs 10 each on preferential basis to promoters with the option to apply for and be allotted an equivalent number of equity shares.

The proceeds of the preferential issue are proposed to be utilised for expansion program of the company, its working capital requirements and repayment of loans.

SpiceJet is India’s most preferred airline delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations.

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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