SpiceJet to raise Rs2,250 cr via equity route

New Delhi: Crisis-hit SpiceJet on Tuesday said it will raise fresh capital of Rs2,250 crore through issuance of equity shares. The airline’s board has approved the issuance of equity shares/equity warrants under a private placement basis. The proposed fund infusion will go a long way in enhancing product presence and market reach as well as provide a deep financial foundation, the airline said in a filing. For the quarter ended September, the airline posted a net loss of Rs 428 crore. In the year-ago period, the net loss stood at Rs 835 crore.