{"id":622202,"date":"2023-12-13T09:27:11","date_gmt":"2023-12-13T03:57:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=622202"},"modified":"2023-12-13T10:02:18","modified_gmt":"2023-12-13T04:32:18","slug":"spicejet-board-okays-rs-2250-crore-fundraising-from-64-investors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-board-okays-rs-2250-crore-fundraising-from-64-investors\/","title":{"rendered":"SpiceJet board okays Rs 2,250 crore fundraising from 64 investors"},"content":{"rendered":"<p>SpiceJet\u2019s board on Tuesday approved the raising of Rs 2,250 crore in fresh capital from 64 entities, including financial institutions, foreign institutional investors, high-net-worth individuals, and private investors, through the issuance of equity shares and warrants. The airline has been facing a cash crunch for the past several quarters. <\/p>\n<p>It is also dealing with multiple court cases regarding money owed to former owner Kalanithi Maran, Credit Suisse, aircraft lessors and engine lessors. <\/p>\n<p>On Tuesday, the airline reported a consolidated net loss of Rs 449.04 crore for the second quarter of 2023-24, reflecting a 46 per cent year-on-year (Y-o-Y) fall. But this was the airline\u2019s return to loss after posting a profit of Rs 197.6 crore during the previous quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet\u2019s board on Tuesday approved the raising of Rs 2,250 crore in fresh capital from 64 entities, including financial institutions, foreign institutional investors, high-net-worth individuals, and private investors, through the issuance of equity shares and warrants. The airline has been facing a cash crunch for the past several quarters. It is also dealing with multiple court cases regarding money owed to former owner Kalanithi Maran, Credit Suisse, aircraft lessors and engine lessors. On Tuesday, the airline reported a consolidated net loss of Rs 449.04 crore for the second quarter of 2023-24, reflecting a 46 per cent year-on-year (Y-o-Y) fall. But [&hellip;]<\/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":[135,167,130],"tags":[],"class_list":["post-622202","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622202","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=622202"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622202\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=622202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=622202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=622202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}