SpiceJet announced that its board has approved the issuance and allotment of 48,70,12,986 equity shares to eligible qualified institutional buyers at an issue price of ₹61.60 per share. This price includes a premium of ₹51.60 per share, with a discount of ₹3.19 to the floor price, totaling approximately ₹2,999.99 crore.
Following this allotment, SpiceJet’s paid-up equity share capital will increase from ₹794.67 crore (79,46,72,717 shares) to ₹1,281.68 crore (1,28,16,85,703 shares). This strategic move aims to bolster the company’s financial position and support its future growth initiatives.
