Shares of SpiceJet Ltd. surged by 10.04% to Rs 72.80 apiece, reaching their highest level since September 19, following the board's approval to issue 48.7 crore equity shares at an issue price of Rs 61.60 each.

Domestic airline SpiceJet has successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP). The offering, heavily oversubscribed, drew interest from top-tier investors and mutual funds.

In addition to Rs 3,000 crore funding, the airline said it will also receive an additional Rs 736 crore from the previous funding round, further boosting its financial stability and growth plans

SpiceJet has raised Rs 3,000 crore through the sale of shares to qualified institutional buyers, including major foreign entities. The funds will help the airline clear various dues and liabilities. This financial boost comes as SpiceJet faces multiple challenges and aims to stabilize its operations in a competitive market.

SpiceJet Limited raises ₹3,000 crore through share sale to institutional buyers, aiding struggling airline's financial stability.

SpiceJet has raised Rs 3,000 crore through sale of shares to qualified institutional buyers, providing a much-needed tailwind for the struggling airline.

SpiceJet said on Monday that it has successfully raised Rs 3000 crore through its recently concluded Qualified Institutional Placement (QIP). In addition to the Rs 3,000 crore, SpiceJet claims it will also receive an additional Rs 736 crore from the previous funding round,

Domestic carrier SpiceJet on Monday said it has raised Rs 3,000 crore through a Qualified Institutional Placement (QIP). The QIP, which opened on September 16 and closed on September 18, received an overwhelming response from qualified investors,

Earlier, sources said SpiceJet promoter Ajay Singh might be selling more than 10 per cent stake in the airline.