As per the revival plan firmed up by Ajay Singh, the airline would focus on strengthening finances and improving operational efficiency.
Other major companies that are expected to announce third quarter earnings this week are ITC, Biocon, Ultratech Cement, ING Vysaya and Cairn India.
Credit Suisse maintains outperform rating on Sun TV as the South India-based company is its top pick in the media space to play the digitisation theme.
SpiceJet co-founder Ajay Singh said the airline has provided confidential revival plan to aviation ministry and lawyers are working on issues to come up with the authority.
The restructuring scheme has been submitted to aviation ministry and we will wait for its nod to make further announcements, said SL Narayanan CFO, Sun Group.
Spice will seek aviation ministry nod for Scheme of Reconstruction and Revival for the takeover of ownership, management and control of SpiceJet.
As per a capital infusion plan received by the civil aviation ministry, the initial funds from an overall corpus of about USD 200 million may come in by January 10, sources said.
The airline also said in a statement that it "received no credit from oil companies". Besides, the company termed as "complete speculation" the reports that SpiceJet has already received Rs 17 crore from the investors to clear all its dues to the oil companies.
Money-losing SpiceJet had delayed employees' salaries for November and briefly grounded its fleet this month for want of cash. Its majority owner, billionaire Kalanithi Maran's Sun Group, has said it cannot afford a bailout.
Troubled airline SpiceJet today resumed operations after being forced to cancel over 150 flights with oil marketing companies refusing to refuel its planes forcing the budget carrier to pay Rs three crore last evening to buy jet fuel.
"Indian banks may be requested to give some working capital loan based on the assurances of the promoter. Banks or financial institutions to lend up to Rs 600 crore backed by a personal guarantee of the Chairman, SpiceJet," the release said.
SpiceJet executives were set to meet government officials for another round of talks after a deadline set by regulators for the budget carrier to set out a plan for paying its dues to airline authorities and fuel suppliers expired on Sunday.
According to block deal data, Jhunjhunwala bought 75 lakh shares of SpiceJet on Friday.
As per the talks with investors, SpiceJet is valued at Rs 1500 crore. Sun Group holds 53.4 percent stake in SpiceJet. It is not yet clear whether SpiceJet promoter and media baron Kalanithi Maran is mulling to exit completely from the low-cost airline.
The company reported an ad revenue growth of 11.4 percent (YoY) on the back of increase in ad minutes from 15-18 minutes (YoY).
The bookings for this three-day offer commences from today with a travel validity period between January 16 and October 24 next year, SpiceJet said in a release.
"The company has on March 12, 2014 allotted 64,169,000 warrants, having option to apply for and be allotted equivalent number of equity shares of the face value of Rs 10 each at a premium of Rs 10.76 to promoters of the company on preferential basis," SpiceJet said in a BSE filing.
Chennai-headquartered SpiceJet has been incurring huge losses and has been on the look out for investors to fund its expansion plans. The airline had reported a net loss of Rs 173 crore in the December quarter, and consultancy firm Capa had last week said Spice will need upwards of USD 200 million to remain operationally viable.
The low cost carrier would issue up to 45,000,000 warrants to Kal Airways and 19,169,000 warrants to Maran, according to a regulatory filing today.
SpiceJet, controlled by billionaire Kalanithi Maran's Sun Group, said net loss was Rs 559 crore for its fiscal second quarter to September 30, compared with a net loss of Rs 164 crore rupees a year earlier.
The media report quotes sources saying that the talks were in preliminary stages and Qatar Airways may infuse USD 200 million in debt and equity in SpiceJet.
According to CNBC-TV18 sources, SpiceJet promoter and media baron Kalanithi Maran may offload up to 24 percent to Tiger Air as the airline faces fall in profits and attempts to retire debt, the sources familiar with the development said.
No-frills carrier SpiceJet is in active discussions with Singapore-based budget carrier Tigerair for a possible stake sale even as they are set to sign a code share agreement soon, sources said.
Before the sale, Maran had held 77 percent stake in the company. The sale has been transacted through offer for sale (OFS) mechanism, it added.
SpiceJet on Monday said its promoter Kalanithi Maran's stake in the no-frills airline has increased by nearly 6 percent to 22.05 percent due to allotment of equity shares following conversion of convertible debentures.