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Category Airlines

SpiceJet is seeking Rs 2.5 billion in capital

VT SZG Spicejet Boeing 737 800 VOBL DSC 6840WM

Indian low-cost airline SpiceJet is in discussion with banks and financial institutions to raise some Rs 2.5 billion in fresh capital. It is also seeking shareholder approval for raising funding through the issue of eligible securities to qualified institutional buyers, the…