SpiceJet Rs 3,000-cr QIP oversubscribed; airline to get funding soon

SpiceJet's Rs 3,000-crore qualified institutional placement has been significantly oversubscribed by investors including Tata Mutual Fund and Bandhan Bank. This demonstrates strong confidence in the airline's growth potential. The funds will help unground its fleet and settle employee dues, reflecting belief in India's expanding aviation market.

Sep 18, 2024 - 16:00
SpiceJet Rs 3,000-cr QIP oversubscribed; airline to get funding soon

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SpiceJet's Rs 3,000-crore qualified institutional placement has been significantly oversubscribed by investors including Tata Mutual Fund and Bandhan Bank. This demonstrates strong confidence in the airline's growth potential. The funds will help unground its fleet and settle employee dues, reflecting belief in India's expanding aviation market.
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