The airline informed that the payment of goods and service tax (GST) dues follows SpiceJet's recent successful Qualified Institutional Placement (QIP), which raised Rs 3000 crore
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SpiceJet has been contending with a host of difficulties, including financial struggles, legal disputes, and the grounding of its aircraft
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The share sale, which involved over 48.70 crore shares priced at Rs 61.60 each, attracted significant investments from major foreign entities such as Societe Generale, Goldman Sachs (Singapore), Nomura Singapore, and Discovery Global Opportunity (Mauritius). The QIP was oversubscribed, reflecting strong confidence from investors
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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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