SpiceJet on Tuesday announced that the board of directors, in a meeting that will be held on February 24, will discuss and consider 'issuance of equity shares on a preferential basis consequent upon the conversion of outstanding liabilities into equity shares'.
In the same meeting, the board will also consider options to raise fresh capital through the issue of eligible securities to institutional buyers based on applicable regulatory approvals.
The shares of SpiceJet Limited on Tuesday at 11:03 am was at Rs 37.85, down by 1.30 per cent.
(To receive our E-paper on WhatsApp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)