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SpiceJet's QIP Draws Investment From Madhusudan Kela Among Top Investors
The development comes as SpiceJet seeks to enhance its financial stability and competitiveness in the Indian aviation market.
Madhu Kela among top investors leading SpiceJet's Rs 3,000 crore QIP response
SpiceJet's QIP received strong investor response, with marquee investors like Madhu Kela's family office participating. The company aims to raise Rs 3,000 crore but has exceeded the target. Other notable investors include Akash Bhanshali,
SpiceJet QIP: Bandhan Bank, family offices of Madhu Kela, Akash Bhanshali among investors, says report
The proceeds will also be used for settling liabilities of creditors, including aircraft and engine lessors, engineering vendors and financiers
QIPs grab Rs 3,000 crore-worth sale of shares of SpiceJet which is looking to raise funds
Some investors include family offices of Madhu Kela, Akash Bhanshali, Sanjay Dangi, Rohit Kothari and Bandhan Bank, sources said
SpiceJet gets good response for share sale; statutory dues at over Rs 600 cr
SpiceJet, with statutory dues exceeding Rs 601 crore, has successfully oversubscribed its Rs 3,000 crore share sale to qualified institutional buyers. The funds will help the airline address financial and legal challenges,
SpiceJet's 3,000-cr QIP oversubscribed
SpiceJet is now looking at a lifeline with its crucial fundraising exercise learnt to be finding favour with investors. The airline's Rs 3,000-crore QIP has been oversubscribed, say sources. The likely investors include institutional funds like Tata Mutual Fund,
SpiceJet gets good response for Rs 3k cr worth share sale, oversubscribed
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.
ET Now on MSN
3mon
'Time of wealth creation rather than...' - Market expert Madhu Kela on NDA govt for another 5 years
In an interview with ET NOW after the 2024 elections, Market expert
Madhu
Kela
was optimistic about the new government's ...
Hosted on MSN
1mon
Madhu Kela's advice for stock market investors on 'conspiracy' Hindenburg report: Don't worry or be nervous
Reflecting on the January 2023 report which caused a significant sell-off in Adani Group stocks and the stock market,
Madhu
Kela
said that he is confident that this time the impact will be minimal ...
2d
SpiceJet shares slide after Supreme Court directs airline to return three engines to lessors
The Supreme Court has upheld a High Court order that directed SpiceJet to return three engines to lessors for non-payment of ...
newsbytesapp.com
1d
SpiceJet to issue 48.7 crore shares for ₹3,000 crore QIP
QIP oversubscribed by Tata Mutual Fund, Discovery Fund. SpiceJet's ₹3,000 crore QIP has attracted significant investor ...
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