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SpiceJet approves 48.7 crore share issue for Rs 3,000 crore QIP at Rs 61.60 apiece
SpiceJet has received shareholder approval to raise up to Rs 3,000 crore through a special resolution. The airline intends to use the funds to improve its financial situation and return to full operational capacity.
SpiceJet QIP: Board okays 48.7 crore share allotment to raise Rs 3,000 crore
With this allotment, the airline's paid-up equity share capital will increase from Rs 794.67 crore, representing 79.46 crore equity shares, to Rs 1,281.68 crore, representing 128.16 crore equity shares.
Minda Corp to raise up to Rs 1,000 crore; board OKs issue of shares, convertible securities; stock up
The decision taken at the board meeting allows for multiple potential routes for fundraising, including a preferential allotment of shares, or a QIP.
SpiceJet raises Rs 3,000 cr from institutional investors via share sale
SpiceJet has raised Rs 3,000 crore through sale of shares to qualified institutional buyers, providing a much-needed tailwind for the struggling airline.
The Mirror
12y
RS Components
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devdiscourse
12d
Pritika Group Eyes Rs 950 Crore Sales Growth
Engineering and automotive components maker Pritika Group targets Rs 950 crore sales in the next three years, driven by rising demand and a strong order book. The company, through its subsidiaries, ...
money.rediff
1d
Vanguard Group Buys Rs 998 Cr Shares in 7 Companies
Vanguard Group, a US-based financial services company, has purchased shares in seven Indian companies, including Concord ...
The Financial Express
11d
20 more chip project awaits govt nod; Subsidy outlay needs to be raised from Rs 76,000 crore
The erstwhile scheme for promotion of manufacturing of electronic components and semiconductors (SPECS) also had incentives ...
1d
LESCO Refunds Rs. 80 Billion to Consumers After Overbilling Them
The Lahore Electric Supply Company (LESCO) has refunded Rs. 80 billion to consumers after overbilling, Energy Minister Awais ...
9h
on MSN
EPFO to spend over Rs 13 crore on employee welfare in FY25
The Employees' Provident Fund Organisation (EPFO) has announced to spend Rs 13.10 crore for welfare of its 15,529 employees ...
9d
Rs 8-crore revamp of old NWKRTC buses to enhance services, cut costs
Hubballi: The North West Karnataka Road Transport Corporation (NWKRTC) has embarked on an ambitious project to renovate and ...
14d
on MSN
Tata Power awards contracts worth Rs 11,481 crore to local suppliers
These contracts, spread across two major categories like materials and services, have been awarded to local contractors and ...
3d
ISB introduces PGP in management for early career professionals; fee over Rs 21 lakh
Students interested in applying for the PGP YL programme will have to submit a valid GMAT, GRE or CAT score, in addition to ...
2d
on MSN
Uno Minda lines up over Rs 610 cr investments on new plant in Indonesia, India capacity expansion
Auto components maker Uno Minda Ltd on Thursday announced investments of more than Rs 610 crore on setting up a new plant in ...
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