SpiceJet gets good response for share sale
SpiceJet raises Rs 3,000 crore through sale of shares to qualified institutional buyers
Proceeds from the QIP will be used to pay creditors, including aircraft and engine lessors, as well as engineering vendors and financiers.
SpiceJet Secures Rs 3,000 Crore Funding Through QIP
SpiceJet has raised Rs 3,000 crore by selling shares to qualified institutional buyers. This funding, involving major foreign entities, will help the airline address financial liabilities. The allotment was made at Rs 61.
SpiceJet’s Share Sale Said to Lure Tata Mutual Fund Among Others
SpiceJet Ltd.’s $358 million share sale attracted bids from several large investors including Tata Mutual Fund, people familiar with the matter said, providing a lifeline to the Indian airline that has furloughed staff and delayed tax payments.
SpiceJet raises Rs 3,000 cr from institutional investors via share sale
SpiceJet has raised Rs 3,000 crore through sale of shares to qualified institutional buyers, providing a much-needed tailwind for the struggling airline.
SpiceJet allots 48.70 crore shares at Rs 61.6, nearly Rs 3,000 crore raised through a QIP
Investors that picked up more than 5 per cent included Authum Investment (9.33 per cent), Discovery Global Opportunity (Mauritius) (8.33 per cent), Troo Capital (6.67 per cent), Societe General-ODI (6.
SpiceJet QIP gets good response from investors for Rs 3,000 crore share sale
SpiceJet, which has statutory dues of more than Rs 601 crore, has received a good response for its Rs 3,000 crore-worth sale of shares to qualified institutional buyers. Operating with a reduced fleet as well as facing financial and legal headwinds,
SpiceJet gets good response for share sale; statutory dues at over Rs 600 cr
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