SpiceJet clears Rs 442 cr debt, completes equity share allotment to Carlyle

SpiceJet on Wednesday said it has completed the allotment of equity shares to global aircraft leasing and financing firm Carlyle Aviation Partners, a move that has helped the airline reduce its liabilities by Rs 442.25 crore ($50 million) and strengthen its long-term financial position.

The airline’s Allotment Committee approved the issuance of 10.41 crore equity shares of face value Rs 10 each at an issue price of Rs 42.32 per share, including a premium of Rs 32.32, on a preferential basis under the non-promoter category.