SpiceJet’s Board approves allotment of 4.01 cr shares to two investors, raises additional Rs 316 cr
New Delhi: In the midst of news regarding delays in salary payments, EPFO deposits, and potential job cuts, SpiceJet shares experienced a 4.16 per cent decline on Wednesday. Nonetheless, the budget airline asserted that it is presently in its most robust financial state in recent memory. “SpiceJet is currently at its strongest financial position in recent history. We’ve successfully completed the first tranche of capital infusion, amounting to Rs744 crore, and have received significant additional subscriptions pending regulatory approval,” said the airline spokesperson.