SpiceJet on Tuesday (December 12) introduced that it’s going to raise recent capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants below a non-public placement foundation.
The proposed fund infusion will go a good distance in enhancing product presence and market attain in addition to present a deep monetary basis, the airline mentioned in a submitting.
For the quarter ended September, the airline posted a web lack of Rs 428 crore.
In the year-ago interval, the online loss stood at Rs 835 crore.
(With PTI inputs)
