The announcement comes amid reports that SpiceJet promoter Ajay Singh was in discussions with a bunch of global private credit funds to raise up to USD 100-million.
“… The board of directors of the company in its meeting scheduled on December 11, 2023 will discuss and consider, inter-alia, options for raising fresh capital through issue of equity shares and/or convertible securities on preferential basis …,” SpiceJet said in a regulatory filing.
It also said that the proposals considered will be subjected to “approval of the shareholders of the company and receipt of applicable regulatory approvals.”