SpiceJet To Get Rs 500 Crore From Promoter Ajay Singh

The board of SpiceJet on Wednesday considered options for raising fresh capital.

SpiceJet promoter Ajay Singh will infuse Rs 500 crore into the airline, a move that will help boost its financial position amid multiple headwinds.

The fresh equity infusion will help the carrier in accessing additional credit facilities of Rs 206 crore under the Emergency Credit Line Guarantee Scheme (ECLGS), it said in a statement on Wednesday.

The board of SpiceJet on Wednesday considered options for raising fresh capital.