SpiceJet (SG, Delhi International) will raise INR22.5 billion rupees (USD270 million) to pay debts and reactivate aircraft. The LCC’s board of directors approved the capital raising at a meeting on December 12, 2023, and will issue preferential shares and warrants.

A filing with the Bombay Stock Exchange (BSE) on the same day reveals that SpiceJet will issue just over 320 million equity shares at INR50 each (USD0.6) and 130 million convertible warrants issued at the same price. The filing lists 64 proposed allottees, including the Nexus…

Source: ch aviation
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