Company updateBusinessLine
SpiceJet board to consider fresh ₹5,000 crore raise
Negative-38
GreyOak summary
SpiceJet's board will meet on November 18 to consider a proposed ₹5,000 crore capital raise via equity or debt instruments. The cash-strapped airline faces shrinking market share, aircraft groundings, and delayed salary payments. While it plans to induct 20 aircraft, the fundraising is subject to shareholder and regulatory approvals.
What it affects
- SPICEJETNegative -38
Board to consider ₹5,000 crore capital raise.Rolling sentiment Negative -46
Source
Read the original at BusinessLineMore SPICEJET news
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