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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 2250 crore through a share sale. In a regulatory filing, the airline said Rs 2,250 crore will be used to enhance SpiceJet's presence and market expansion. Apart from this, this fund will provide a strong financial base for the company. Read what is the complete news.
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“SpiceJet will raise Rs 2250 crore by selling shares, shares broken by more than 4%”
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en.sangritimes.com
12 Dec 2023
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.
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