Articles for tag: Aiding, Crore, dues, Financial, Mounting, Secures, Shares, SpiceJet, statutory, Survival, Turmoil

SpiceJet secures Rs 3,000 crore through shares, aiding its survival amidst financial turmoil and mounting statutory dues.

SpiceJet has successfully raised Rs 3,000 crore through the sale of shares to institutional investors, providing crucial support for the airline, which has been facing financial challenges. The Qualified Institutional Placement (QIP) was oversubscribed, attracting notable foreign investors like Goldman Sachs and Societe Generale. Following the share allotment, the company’s equity share capital has increased ...