SpiceJet announced on Thursday that it had raised a second tranche of Rs 316 crore under the preferential issue of equity and warrants, which was approved by shareholders in early January.
On January 26, the first tranche of Rs 744 crore was infused into the airline. On January 11, the beleaguered airline’s shareholders gave their approval to raise a total of Rs 2,241.5 crore through the issuance of equity and warrants – Rs 1,591.5 crore by issuing equity to 58 entities and Rs 650 crore by issuing warrants on a preferential basis to five other entities.
