Indian budget airline Spicejet Ltd said on Tuesday it will consider options to raise fresh capital by issuing securities to qualified institutional buyers.
Passengers board a SpiceJet Boeing 737-800 airplane, previously operated by Jet Airways, at an airport in New Delhi, India June 9, 2019. REUTERS/Danish Siddiquisaid on Tuesday it will consider options to raise fresh capital by issuing securities to qualified institutional buyers.
The airline said it will also, when its board meets on Feb. 24, consider issuing shares on a preferential basis after converting outstanding liabilities into equity shares.
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