{"id":622198,"date":"2023-12-12T17:38:34","date_gmt":"2023-12-12T12:08:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=622198"},"modified":"2023-12-12T17:38:34","modified_gmt":"2023-12-12T12:08:34","slug":"spicejet-board-adjourns-meeting-to-discuss-funding-plans-on-tuesday-3","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-board-adjourns-meeting-to-discuss-funding-plans-on-tuesday-3\/","title":{"rendered":"SpiceJet board adjourns meeting, to discuss funding plans on Tuesday"},"content":{"rendered":"<p>Crisis-hit SpiceJet&#8217;s board of directors will continue to discuss fundraising plans on Tuesday after it could only partially complete the agenda items on Monday.<\/p>\n<p>On Monday, the no-frills airline&#8217;s shares touched a 52-week high and ended with more than 10 per cent gains on the BSE as investors were enthused by funding plans and the proposal to list the company&#8217;s securities on the National Stock Exchange (NSE).<\/p>\n<p>In an evening filing to the BSE, SpiceJet said its board on Monday &#8220;could only partially complete the agenda items and the meeting has now been adjourned to December 12, 2023 (Tuesday)&#8221;.<\/p>\n<p>Apart from options for raising fresh capital through the issue of equity shares and\/or convertible securities on a preferential basis, the board will also consider the September quarter results, as per the filing.<br \/>\nEarlier in the day, shares of SpiceJet touched its 52-week high and closed with a gain of 10.19 per cent at Rs 60.57 apiece on the BSE.<\/p>\n<p>The airline has been grappling with multiple headwinds, including issues with aircraft lessors and financial woes.<\/p>\n<p>In October, SpiceJet had a domestic market share of 5 per cent and carried 6.28 lakh passengers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crisis-hit SpiceJet&#8217;s board of directors will continue to discuss fundraising plans on Tuesday after it could only partially complete the agenda items on Monday. On Monday, the no-frills airline&#8217;s shares touched a 52-week high and ended with more than 10 per cent gains on the BSE as investors were enthused by funding plans and the proposal to list the company&#8217;s securities on the National Stock Exchange (NSE). In an evening filing to the BSE, SpiceJet said its board on Monday &#8220;could only partially complete the agenda items and the meeting has now been adjourned to December 12, 2023 (Tuesday)&#8221;. Apart [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-622198","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622198","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=622198"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622198\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=622198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=622198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=622198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}