SpiceJet on Thursday announced that it has successfully raised an additional Rs 316 crore, bringing its total raised funds to Rs 1,060 crore through a preferential share issue. This development follows the company’s recent decision to reduce its workforce by 10-15%.
In January, SpiceJet received the first tranche of funds amounting to Rs 744 crore through the allotment of securities on a preferential basis. This initial investment marked the beginning of SpiceJet’s efforts to raise fresh capital of Rs 2,250 crore through the issuance of securities.
