 "SpiceJet’s 8 million share sale attracts major investors amidst financial turmoil, aiming to revive its struggling operations and fleet.")
SpiceJet Ltd. has successfully attracted bids worth $358 million for its share sale, drawing interest from notable investors such as Tata Mutual Fund and Authum Investment. This move comes as the airline, based in Gurugram near New Delhi, struggles with staff furloughs and delayed tax payments. The share sale, offered at a discounted price of ...
 "Chaos erupted at Delhi airport as passengers protested the cancellation of SpiceJet’s flight to Darbhanga, voicing their frustration loudly.")
SpiceJet recently faced backlash after canceling its flight from Delhi to Darbhanga, prompting an angry protest by passengers at the airport. A video capturing the scene quickly circulated on social media, showing frustrated travelers shouting slogans in response to the disruption. An airline spokesperson explained that the cancellation of flight SG 495 was due to ...
 "SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.")
SpiceJet has received approval from its shareholders to raise up to Rs 3,000 crore through the issuance of securities. The airline, which is facing significant challenges including financial issues, legal disputes, and a reduced fleet, aims to use these funds to meet its various obligations. In a recent regulatory filing, SpiceJet confirmed that the capital ...
