SpiceJet plans to raise funds; shares gain over 2%
NEW DELHI: No-frills carrier SpiceJet NSE 2.51 % plans to raise funds through issuance of equity shares or debt instruments and the proposal will be discussed at its board meeting on Wednesday. The proposal comes at a time when the airline industry is grappling with strong headwinds due to the coronavirus pandemic that has also resulted in less occupancy in many flights.
Earlier this month, InterGlobe Aviation NSE 0.12 %, parent of the country’s largest airline IndiGo, received shareholders’ nod for raising up to Rs 3,000 crore.
