SpiceJet raised Rs 744 crore through preferential allotment of securities for operational expansion.
The airline company SpiceJet has successfully raised Rs 744 crore in its first tranche of capital infusion, which was done through the allotment of securities on a preferential basis. The funds raised are expected to be used to finance operational expansion initiatives such as fleet enhancement, route network expansion, and technological advancements. SpiceJet's board of directors approved the allotment of shares and warrants on a preferential basis on January 25, 2024.
January 26, 2024
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