Spicejet to consider raising fresh capitalThe airline said it will also, when its board meets on Feb. 24, consider issuing shares on a preferential basis after converting outstanding liabilities into equity shares
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Illustrative Photo. Credit: Reuters Photo
Budget airline Spicejet Ltd said on Tuesday it will consider options to raise fresh capital by issuing securities to qualified institutional buyers.
The airline said it will also, when its board meets on Feb. 24, consider issuing shares on a preferential basis after converting outstanding liabilities into equity shares.