SPICEJET COMPLETES 1ST TRANCHE OF CAPITAL INFUSION OF RS 744 CRORE
- NEWS Desk Global
- Jan 26, 2024
- 1 min read
SpiceJet said on Friday it has allotted shares and warrants totaling Rs 744 crore in the first tranche. On Jan 25, 2024, the company’s board had approved the allotment of 5.55 crore equity shares. The board has approved the allotment of 9.33 crore warrants, so that it can offer the option to apply for and be allotted to Elara India Opportunities Fund Limited and Silver Stallion Limited.
SpiceJet is due to complete another tranche of equity/warrants raise from remaining subscribers. There is an account of limited banking days arising from long weekends. They completed the first tranche of their allotment, it demonstrates the SpiceJet’s growth prospects.The fund infusion will open new avenues for SpiceJet.
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