SpiceJet will raise Rs 2250 crore by selling shares, shares broken by more than 4%

Airline company SpiceJet said in its regulatory filing today that it will raise Rs 2,250 crore by selling shares. For this, the board of SpiceJet has approved the issuance of equity shares/equity warrants on a private placement basis.

In the regulatory filing, the airline said that Rs 2250 crore will be used to increase SpiceJet's presence and market reach. Apart from this, this fund will provide a strong financial foundation for the company.

According to the results of the last September quarter, SpiceJet had a net loss of Rs 428 crore during this period. Whereas in the same period a year ago i.e. in the September quarter of FY23, the company had incurred a net loss of Rs 835 crore.

Today, SpiceJet shares fell by 4.18 percent i.e. Rs 2.53 and closed at 58.04. Today the stock market also closed on the red mark. Sensex fell 377 points to close at 69,551 and Nifty slipped 90 points to close at 20,906.

The airline informed yesterday itself that it is going to list its shares on NSE also. After this news, the airline's shares rose by more than 11 per cent.