SpiceJet completes raising of Rs 744 crore as part of fundraising plan

Low cost airline SpiceJet on Friday said that it has completed raising Rs 744 crore as part of its refinancing plan. On Thursday, the company’s board had approved the allotment of 5.55 crore equity shares on a preferential basis to 54 subscribers. Additionally, the board also approved the allotment of 9.33 Crore warrants on a preferential basis to Elara India Opportunities Fund Limited and Silver Stallion Limited.