The Bombay Stock Exchange (BSE) has given in-principle approval to SpiceJet (SG, Delhi International) for the issuance of equity shares and warrants convertible into equity shares on a preferential basis. The airline confirmed the approval in a January 15, 2024, filing.

SpiceJet shareholders approved the INR22.5 billion rupees (USD271.5 million) capital raise during a January 10 annual general meeting. The LCC will issue 318,300,000 equity shares at INR50 (USD0.60) each and 130,000,000 warrants at the same price. The filing says a…

Source: ch aviation
Read more: Mumbai bourse approves SpiceJet's ₹22.5bn capital raising