India's SpiceJet to raise $270 mln

Spicejet

12/12/2023 09:13

BENGALURU, Dec 12 (Reuters) - India's low-cost carrier
SpiceJet  SPJT.BO  on Tuesday said it would raise 22.5 billion
rupees ($269.9 million) through the issue of preferential shares
and warrants as the troubled airline seeks to return operations
to full capacity after the grounding of about a fourth of its
fleet.

($1 = 83.3620 Indian rupees)

 (Reporting by Nandan Mandayam and Varun Vyas in Bengaluru;
Editing by Janane Venkatraman)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))