Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!
you are here: HomeNewsBusiness

SpiceJet plans to raise funds, to be discussed at board meeting on June 30

The proposal comes at a time when the airline industry is grappling with strong headwinds due to the coronavirus pandemic that has also resulted in less occupancy in many flights.

June 29, 2021 / 08:36 AM IST
The drive will commence from Delhi and Gurugram, which is SpiceJet's headquarters, and will cover the airline's employees across all the stations on its network, a release said on Wednesday. SpiceJet said it has around 15,000 employees.

The drive will commence from Delhi and Gurugram, which is SpiceJet's headquarters, and will cover the airline's employees across all the stations on its network, a release said on Wednesday. SpiceJet said it has around 15,000 employees.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

No-frills carrier SpiceJet plans to raise funds through issuance of equity shares or debt instruments and the proposal will be discussed at its board meeting on June 30.

The proposal comes at a time when the airline industry is grappling with strong headwinds due to the coronavirus pandemic that has also resulted in less occupancy in many flights.

Earlier this month, InterGlobe Aviation, parent of the country's largest airline IndiGo, received shareholders' nod for raising up to Rs 3,000 crore.

In a regulatory filing late Sunday, SpiceJet informed that its board of directors will consider "options for raising fresh capital through issue of equity shares/debt instrument on preferential/qualified institutions placement basis," at the scheduled meeting on June 30 (Wednesday).

SpiceJet board would also consider the audited standalone and consolidated financial results for the financial year ended March 31, 2021.



Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

PTI
first published: Jun 29, 2021 08:36 am
Sections
ISO 27001 - BSI Assurance Mark