At meeting held on 27 February 2023
As part of the debt-equity swap with aircraft lessors Carlyle Aviation Partners (and its affiliated entities), the Board of SpiceJet at its meeting held on 27 February 2023 has approved issue equity shares on preferential basis to these aircraft lessors consequent upon conversion of their existing lease liabilities equivalent to an amount not exceeding US$29.5 million at price of Rs.48 per equity share or such price as may be determined in accordance with extant preferential issue guidelines.The Board also approved the exchange of its outstanding lease liabilities for an aggregate amount not exceeding US$65.5 million into CCDs of SpiceXpress and Logistics held by the company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app