New Delhi: SpiceJet, which has been facing multiple headwinds, on Friday said it has received Rs 744 crore as the first tranche of funds being raised through allotment of securities on a preferential basis.
On December 12, the airline had said it would raise fresh capital of Rs 2,250 crore through issuance of securities.
According to a release, on January 25, the company’s board of directors approved the allotment of 5.55 crore equity shares on a preferential basis to 54 subscribers.
The airline has allotted shares and warrants totalling Rs 744 crore on a preferential basis in the first tranche.
