{"id":621663,"date":"2023-12-08T10:11:52","date_gmt":"2023-12-08T04:41:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=621663"},"modified":"2023-12-08T10:27:05","modified_gmt":"2023-12-08T04:57:05","slug":"spicejet-looks-at-100-mn-raise-stock-jumps-20","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-looks-at-100-mn-raise-stock-jumps-20\/","title":{"rendered":"SpiceJet looks at $100-mn raise, stock jumps 20%"},"content":{"rendered":"<p>Budget carrier SpiceJet\u2019s Board will decide on the proposal to raise $100 million to infuse fresh equity into the airline in a meeting on December 11. <\/p>\n<p>In a filing on Wednesday, the low-cost carrier informed that its board will meet on Monday to discuss and consider options for raising fresh capital through the issue of equity shares or convertible securities on a preferential basis. <\/p>\n<p>The proposal, if approved, will be subject to shareholders\u2019 approval and other regulatory approvals. Subsequently, the airline\u2019s stock jumped 20% on the BSE, hitting the upper circuit on Thursday afternoon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget carrier SpiceJet\u2019s Board will decide on the proposal to raise $100 million to infuse fresh equity into the airline in a meeting on December 11. In a filing on Wednesday, the low-cost carrier informed that its board will meet on Monday to discuss and consider options for raising fresh capital through the issue of equity shares or convertible securities on a preferential basis. The proposal, if approved, will be subject to shareholders\u2019 approval and other regulatory approvals. Subsequently, the airline\u2019s stock jumped 20% on the BSE, hitting the upper circuit on Thursday afternoon.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-621663","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=621663"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621663\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=621663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=621663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=621663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}