SpiceJet (SG, Delhi International) has told investors it plans to raise INR32.36 billion rupees (USD385.4 million) to settle liabilities, unground aircraft, induct new planes, and other general purposes. The low-cost carrier made its presentation on September 6 as part of its campaign to woo investors to participate in its planned capital infusion.

The airline plans to raise INR25 billion (USD298 million) via a qualified institutional placement and the remaining INR7.36 billion (USD87.7 million) through previous…

Source: ch aviation
Read more: India's SpiceJet pitches to investors to raise ₹32.36bn