SpiceJet Raises Rs.3,000 Crore Via QIP

25 Sep 2024 CW Team

SpiceJet announced raising Rs 3,000 crore through a Qualified Institutional Placement (QIP) that closed on September 18. The QIP attracted overwhelming interest from prominent institutional investors, reflecting strong confidence in the airline's growth potential. Key investors included Goldman Sachs Singapore, Morgan Stanley Asia, BNP Paribas, Nomura Singapore, and Tata Mutual Fund.

In addition to the QIP, the airline will receive Rs.736 crore from a prior funding round, further enhancing its financial position. The funds will be utilized to operationalise grounded aircraft, acquire new planes, invest in technology, and expand into new markets.

Ajay Singh, Chairman and MD of SpiceJet, stated that the strong investor response underscores faith in SpiceJet's ability to grow rapidly in India's aviation sector. The new capital infusion will help strengthen operations, enhance the fleet, and expand the airline's network to meet increasing passenger demand.

Infrastructure Transport

19 Dec 2025

Three Firms Bid for DPR of Bengaluru–Tumakuru Metro Corridor

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LG Clears Land Allotment for Rithala–Kundli Metro Corridor

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V.L. Infraprojects Wins Rs 420.12 Mn GWSSB Water Supply Project

V.L. Infraprojects Limited (NSE: VLINFRA), a specialist in water supply and sewerage infrastructure, has received a Letter of Intent from the Gujarat Water Supply & Sewerage Board (GWSSB) for the augmentation of the Hadaf Regional Water Supply Scheme in Limkheda and Singvad talukas of Dahod district, Gujarat.The project is valued at Rs 420.12 million and has been awarded at 5.99 percent above the estimated cost. It will be executed through a joint venture between V.L. Infra Projects, which holds an 80 percent stake as the lead partner, and H.M. Electro Mech with a 20 percent share. The con..