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SPICEJET RAISING MONEY
Jio Financial, ITC Hotels and Manappuram Finance among stocks bought and sold by mutual funds in AprilMutual funds injected Rs 30,600 crore into Indian equities in April, with significant buying in ICICI Bank, SBI, and Sun Pharma. Key reduct...- SpiceJet Promoter Ajay Singh completes ₹500 crore equity infusion into airlineSpiceJet's founder Ajay Singh has infused ₹294.09 crore into the airline by converting warrants to equity shares, raising the promoter grou...
- Madhu Kela among top investors leading SpiceJet's Rs 3,000 crore QIP responseSpiceJet's QIP received strong investor response, with marquee investors like Madhu Kela's family office participating. The company aims to...
- SpiceJet shareholders approve Rs 3,000 cr fund raising planIn a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising funds of up to ...
- SpiceJet's Ajay Singh may sell over 10 pc stake in airline to raise fundsAjay Singh, SpiceJet's chairman, may offload over 10% of his stake in the airline as part of a funding round closing by September's end. Th...
- Delhi HC slams SpiceJet over upaid dues, asks to confirm if directors willing to be liable for engine lessor duesSpiceJet is under scrutiny by the Delhi High Court for failing to pay Rs 20 crore to its engine lessors, Team France 01 SAS and Sunbird Fra...
- SpiceJet improves financial position with another Rs 316 crore fundraisingSpiceJet has secured Rs 316 crore in investments, allocated equity shares and issued warrants to investors. The funding strengthens their f...
- SpiceJet looks to raise fesh capital as lessor impounds aircraftSpiceJet has been facing a cash crunch for the past several quarters. It is also dealing with multiple court cases regarding money owed to ...
- SpiceJet gives lessors shares to clear dues worth Rs 231 croreThe fund crunch and grounded fleet has eroded SpiceJet's market share to 4.2% as of July - lower than that of new entrant Akasa, which only...
- SpiceJet employees protest over non-payment of full salaries; issue resolved, says airlineAmong the domestic carriers, SpiceJet is in a precarious financial stage and the airline has barely been able to manage payment to various ...
- As AAI seeks Rs 186-crore bill payment, SpiceJet claims more in damagesThe airline owes AAI about ₹186.50 crore, including interest, versus bank guarantees of ₹154 crore. An airline executive further said that ...
- Spicejet's proposed investment of Rs 1,500 crore yet to come in: SourcesThe Ministry has also not received any fresh communication from SpiceJet, which is in the process of change in management control, on its r...
- Rescue plan for SpiceJet seen by end of January: SourcesSpiceJet co-founder Ajay Singh said he was working on a financial plan with U.S. private equity investors, under which the current owners w...
- SpiceJet rallies over 5% on reports of fund raising plans from PE investorsSpiceJet pared some of the morning gains but was still trading 3.7% higher at Rs 19.20. It hit a low of Rs 18.60 and a high of Rs 19.50.
- Scouting for investors: SpiceJet in talks with US private-equity firms to raise fundsThe cash-strapped airline seeks time from ministry & breather from oil cos; PE firms conducting due diligence on the airline.
- SpiceJet looks to raise Rs 400 crore through a share offeringPromoter Kalanithi Maran pledged a large chunk of his holding 10 days back to raise Rs 200 crore for the cash-strapped airline.
- SpiceJet plans $75-mn preferential issueDelhi-based domestic air carrier SpiceJet plans to raise around $75 million by issuing preferential shares by September 2010.
- SpiceJet looks to rope in new investor as Istithmar exitsGurgaon-based low-cost carrier SpiceJet has appointed the investment banking arm of financial services company Edelweiss to find a strategi...
- SpiceJet plans to raise Rs 200 crLow-cost carrier SpiceJet, which attracted a Rs 380-crore investment from US billionaire Wilbur Ross last year, is now planning to raise cl...
- SpiceJet denies move to offload stakeSpiceJet denied any move to offload stake and said it has adequate funds for expansion.
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