Budget airline SpiceJet mulls Rs.5,000-Cr capital raise

Delhi-based budget airline SpiceJet ’s board of directors is to meet on November 18 to deliberate on a capital-raising proposal of INR 5,000 crore. The fundraise could be executed through a preferential issue or a qualified institutional placement (QIP).The airline, which has faced significant financial pressure and operational challenges, has reportedly received a term sheet for the proposed investment.Earlier this year, the company received support under the Emergency Credit Line Guarantee Scheme.