SpiceJet Achieves Fundraising Goal, Cites Strong Investor Demand
SpiceJet says the new capital will help it restore its grounded aircraft to service, as well as acquiring new aircraft.
Credit: NurPhoto SRL/Alamy Stock Photo
Indian carrier SpiceJet has quickly reached its target in its latest fundraising exercise, which represents a vote of confidence by investors in the carrier’s prospects. The airline offered a qualified institutional placement (QIP) of shares to raise INR30 billion ($359 million). The QIP opened on...
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