A postal ballot conducted by SpiceJet (SG, Delhi International) has resulted in shareholders approving a proposal to raise up to INR30 billion rupees (USD357.7 million) via the issuance of securities. The scrutineer reported that 1,459 shareholders cast 408,784,445 votes (99.8061% of the total number of votes cast) in favour of the issuance and 109 shareholders cast 794,100 against.

As recently reported by ch-aviation, SpiceJet hopes to use the funds to settle liabilities with existing airframe and…

Source: ch aviation
Read more: Shareholders of India's SpiceJet okay ₹30bn capital raising