Low-cost carrier SpiceJet is on the path to recovery, clearing all GST dues and settling employee salary arrears. Following a successful Rs 3,000 crore QIP, the airline attracted major investors like Goldman Sachs and Morgan Stanley,

As per the disclosure made by the lender, Citigroup Global Markets Mauritius Pvt. has been allotted 21.8% of the overall QIP issue, BofA Securities Europe SA ODI was allotted 8.3%, SBI Contra Fund 7.9%, Morgan Stanley Asia (Singapore) Pte. 5.9%, and Goldman Sachs (Singapore) Pte. 5.8%.

PNB raises ₹5000 crore through QIP, attracting diverse investors and strengthening capital adequacy ratios, with marquee investors participating.

The shares of SpiceJet soared by up to 10% on September 23, following the airlines successful Rs 3,000 crore fundraising through Qualified Institutional Buyers (QIBs). This move offered a significant financial boost to the low-cost carrier amid financial challenges in recent times.

SpiceJet said on Monday that it has successfully raised Rs 3000 crore through its recently concluded Qualified Institutional Placement (QIP). In addition to the Rs 3,000 crore, SpiceJet claims it will also receive an additional Rs 736 crore from the previous funding round,

SpiceJet shares surged by up to 6% after completing a Rs 3,000 crore Qualified Institutional Placement, attracting global investors. The airline aims to have 100 aircraft by the end of 2026 and plans to return its grounded planes to service.