SpiceJet board meet on Dec 11 to consider fundraising on preferential basis

The announcement comes amid reports that SpiceJet promoter Ajay Singh was in discussions with a bunch of global private credit funds to raise up to USD 100-million.

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HT Image

“… The board of directors of the company in its meeting scheduled on December 11, 2023 will discuss and consider, inter-alia, options for raising fresh capital through issue of equity shares and/or convertible securities on preferential basis …,” SpiceJet said in a regulatory filing.

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It also said that the proposals considered will be subjected to “approval of the shareholders of the company and receipt of applicable regulatory approvals.”

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