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SpiceJet may get a lifeline of Rs 1,000-1,500 crore equity infusion: Sources
![IndiaTimes]()
Friday, 8 December 2023
SpiceJet, facing a severe cash crunch, may receive a lifeline from two big investors. The airline's board will meet to discuss the proposal to raise fresh capital through equity shares. The initial investor is prepared to invest Rs 1,000-1,200 crore, and a second investor has also expressed interest, potentially raising the deal size to Rs 1,500 crore. SpiceJet's market capitalisation is undervalued compared to its peers. The airline has valuable slots and routes, giving it a competitive edge in the industry.
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Friday, 8 December 2023
