Spicejet plans to raise over Rs 3,200 crore via debt, equity
Cash-strapped domestic carrier Spicejet plans to raise Rs 3,200 crore through QIP, warrants and capital infusion by the promoter, the airline said in a presentation on Friday.
The funds will be utilised in taking back the grounded fleet in operations, liability settlement, new fleet induction and other general purposes, SpiceJet in the presentations.
“Spicejet plan to raise Rs 2,500 crore through QIP and Rs 736 crore through Previous Warrants and promoter infusion, the airline said in an investor presentation,” it said in a corporate presentation to investors ahead of its proposed capital infusion.
The proposed funds raised are subject to shareholders’ approval.
Ajay Singh-promoted SpiceJet had earlier in January this year, could raise only Rs 1,060 crore through preferential issues against its Rs 2,250 crore funding plan announced in December last year.
