The airline aims to raise up to Rs 3,000 crore through a qualified institutional placement (QIP) process to clear liabilities
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The conversion, at Rs 100 per share of SpiceJet, is a 56 per cent premium to its close on Monday
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The deal restructures USD 137.68 million of SpiceJet’s lease liabilities, which will be reduced to USD 97.51 million after waivers and settlements
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This excludes the business of its subsidiaries, including SpiceXpress and Logistics
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The latest quarterly results of Q4 FY2024 show a remarkable surge in net profit, reaching Rs 119 crore, a sixfold rise from Rs 17 crore in Q4 FY2023
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SpiceJet said it will request the return of Rs. 450 crores out of the Rs. 730 crores it paid to KAL Airways and Maran
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The tribunal will now examine whether a power of attorney holder can represent an operational creditor in a corporate insolvency resolution process (CIRP) petition
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