SpiceJet board nod Debt-Equity swap

SpiceJet board nod Debt-Equity swap

by admin- Monday, February 27th, 2023 04:18:51 PM

 

Spicejet at its board assembly held on February 27, 2023, board approves stoop sale of shipment biz to subsidiary SpiceXpress & Logistics. Arm SXPL will trouble Rs. 2,556 cr worth fairness stocks & debentures to co for logistics enterprise.

To issue stocks on preferential foundation to Carlyle upon conversion of present hire liabilities.

To difficulty shares on preferential foundation to Carlyle up to $29.5 m at Rs. 48/sh.

Approved QIP difficulty for upto Rs. 2,500 cr

Announced agreement with aircraft lessor Castlelake.

To buy As Air lease, owner of boeing model airframes from Castlelake.

News Updates