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In a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising funds of up to Rs 3,000 crore.
The funds are proposed to be raised through Qualified Institutional Placement (QIP) and other options.
SpiceJet, which had a fleet of 74 planes in 2019, is currently operating around 20 aircraft.
Shares of the airline rose 8 per cent to close at Rs 71.66 on the BSE.
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https://economictimes.indiatimes.com/markets/stocks/news/spicejet-shareholders-approve-rs-3000-cr-fund-raising-plan/articleshow/113331005.cms