SpiceJet shares jumped nearly 8% to Rs 33 in Tuesday’s trade after the low-cost carrier allotted over 4.81 crore equity shares on a preferential basis to nine of its aircraft lessors to clear outstanding dues of Rs 231 crore.
“The Allotment Committee of the Board of Directors of the Company at its meeting held on September 4, 2023, has considered and approved allotment of 4,81,23,186 equity shares of the face value of Rs 10 each at an issue price of Rs 48 each on preferential basis to aircraft lessors consequent upon conversion of their existing outstanding dues aggregating to Rs 2,30,99,12,928,” the company said in an exchange filing.
