Proceeds from the QIP will be used to pay creditors, including aircraft and engine lessors, as well as engineering vendors and financiers.

SpiceJet Ltd.’s $358 million share sale attracted bids from several large investors including Tata Mutual Fund, people familiar with the matter said, providing a lifeline to the Indian airline that has furloughed staff and delayed tax payments.

SpiceJet has raised Rs 3,000 crore by selling shares to qualified institutional buyers. This funding, involving major foreign entities, will help the airline address financial liabilities. The allotment was made at Rs 61.

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 is grappling with multiple woes, including financial challenges, legal battles and grounding of aircraft

Investors that picked up more than 5 per cent included Authum Investment (9.33 per cent), Discovery Global Opportunity (Mauritius) (8.33 per cent), Troo Capital (6.67 per cent), Societe General-ODI (6.

QIP oversubscribed by Tata Mutual Fund, Discovery Fund. SpiceJet's ₹3,000 crore QIP has attracted significant investor interest, and was oversubscribed by key players such as Ta

SpiceJet, which has statutory dues of more than Rs 601 crore, has received a good response for its Rs 3,000 crore-worth sale of shares to qualified institutional buyers. Operating with a reduced fleet as well as facing financial and legal headwinds,