SpiceJet plans a July 23 board meeting to consider raising capital via QIP after a six-fold increase in net profit.
SpiceJet shares gained 5% to Rs 58.27 after the company announced plans for a board meeting on July 23 to consider raising fresh capital through a Qualified Institutional Placement (QIP). This follows a six-fold surge in SpiceJet's net profit. The low-cost airline aims to issue eligible securities to qualified institutional buyers as part of the capital raising plan, subject to regulatory and shareholder approvals.
July 18, 2024
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