SpiceJet keeps options open for raising fresh capital through equity shares
The Company’s board will meet on December 11 to consider options to raise fresh capital, according to an exchange filing.
The Company’s board will meet on December 11 to consider options to raise fresh capital, according to an exchange filing.
Earlier on May 9, while presenting results for quarter ended March 2020, the private lender had stated that it would look at further strengthening the balance sheet as opportunities arise.
'The fund will be raised through issue of equity shares/depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations as may be considered appropriate.'
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