SpiceJet, grappling with financial crisis, announced on Tuesday its plan to raise Rs 2,250 crore in fresh capital through the issuance of equity shares.
The airline’s board has granted approval for the issuance of equity shares/equity warrants through a private placement basis.
The proposed fund injection is expected to bolster product presence, extend market reach, and establish a robust financial foundation, as stated in the airline’s official filing.
