Struggling low-cost carrier SpiceJet on Saturday said its board has approved the issuance and allotment of 48.70 crore equity shares to qualified institutional buyers at Rs 61.60 per share.
The Company’s board will meet on December 11 to consider options to raise fresh capital, according to an exchange filing.
Earlier on May 9, while presenting results for quarter ended March 2020, the private lender had stated that it would look at further strengthening the balance sheet as opportunities arise.
'The fund will be raised through issue of equity shares/depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations as may be considered appropriate.'
State-run Canara Bank on Friday said it has got the shareholders’ approval for raising up to Rs 4,865 crore by…
Punjab National Bank on Monday said it will off-load up to six per cent of its stake in PNB Housing…
