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SpiceJet flags share issuance, capital raising
February 23rd 2023
Board directors at Mumbai-headquartered SpiceJet will examine a potential issuance of preference shares and an institutional capital raising at their next meeting on February 24. Read More » In a regulatory filing, the LCC said the board will consider the “issuance of equity shares on a preferential basis consequent upon conversion of outstanding liabilities into equity shares of the company”, subject to applicable regulatory approvals. “Additionally, board directors will review options for raising fresh capital through the issue of eligible securities to qualified institutional buyers,” SpiceJet said.
