SpiceJet mentioned on thursday shareholder Proposals to lift as much as Rs 3,000 crore by difficulty of securities have been accepted. The unpretentious airline is grappling with numerous woes, together with financial challengesauthorized motion and grounding of plane – is in search of to lift funds to assist it meet its numerous obligations.
Shareholders have agreed to a particular decision to lift as much as Rs 3,000 crore, the airline mentioned in a regulatory submitting on Friday.
The funds are supposed to be positioned by certified establishments (qualified investment plan) and different choices.
SpiceJet had a fleet of 74 plane in 2019 and at the moment operates round 20 plane.
Shares of the airline rose 8% to shut at Rs 71.66 on the BSE.
