Key Points
Shares of low-budget carrier SpiceJet jumped 6% after the company said its board has approved a proposal to raise fresh capital of up to Rs 2,500 crore...
The company's board has also approved issuing equity shares of $29.5 million on a preferential basis to Carlyle Aviation Partners as part of the proposed restructuring plan reached with the lessor.. Further, the company's board has approved the slump sale of its cargo business to SpiceXpress and Logistcs Pvt Ltd (SXPL) for Rs 2,556 crore...
"The consideration for said transfer of cargo business undertaking shall be discharged by SXPL by issuance of securities in the combination of equity shares and compulsorily convertible debentures (CCDs) to the company for an aggregate amount of Rs 2,555 crore," SpiceJet said in a filing...
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