The recently launched INR30 billion rupee (USD358.5 million) capital raising at SpiceJet (SG, Delhi International) is already oversubscribed, sources have told the Times of India. The low-cost carrier released the preliminary placement document (PPD) for the raising earlier this week, and the insiders said there is “strong investor confidence in the airline and in its growth potential.”

“The qualified institutional placement received an overwhelming response from investors and was significantly…

Source: ch aviation
Read more: SpiceJet's ₹30bn capital raising oversubscribed – report