More than 55%of the current aircraft flights to private airlines (Spicejet) set up a qualified institution
Al Placement (QIP) sought income from 30 billion rupees, and the company said that more than 55%of the current fleets were grounded.
Through QIP, this troubled airline intends to raise funds by selling stocks to qualified institutions.The airline said ICICI and the Bank of India have not agreed to QIP, and YES Bank had agreed.
The Indian Economic Times reported earlier that the initiator Ajay Singh’s shares may be diluted by more than 10%through QIP.Surat Stock
The spices plan to use the issuance of this distribution for several key targets, aiming to stabilize its "financial health" and restore comprehensive operations.Lucknow Investment
One of the main goals is to "pay legal expenses", totaling 60.15 billion rupees.These fees include the obligations of "tax deducted from the source", "provident fund" and "commodity and service tax", which are delayed due to financial restrictions.Another main part of the income, 75 billion rupees, will be assigned to "settlement/payment of certain unpaid debt" owed creditors, such as "aircraft and engine lesters, engineering suppliers and financialists."
Market 101: Insight Trends and momentum
Author: Rohit Srivastava, founder of indiacharts.com
Ahmedabad Stock
