NEW DELHI: SpiceJet is now taking a look at a lifeline with its essential fundraising train learnt to be discovering favour with buyers. The airline’s Rs 3,000-crore QIP has been oversubscribed, say sources. The probably buyers embody institutional funds like Tata Mutual Fund, Bandhan Financial institution, Discovery Fund, Plutus, Jupiter Fund Administration and Suppose Investments.Household workplaces of ace buyers Madhu Kela, Akash Bhanshali, Sanjay Dangi and Rohit Kothari are additionally learnt to have subscribed to the QIP.
A Correction:
SpiceJet’s TDS and PF dues to workers are over Rs 350 crore and never Rs 3,500 crore as inadvertently reported on Wednesday. The error is regretted. The airline’s preliminary placement doc (PPD) says it has not paid about Rs 220 crore TDS that was deducted from workers’ wage between April 2020 and Aug 2023 to tax authorities and in addition not paid over Rs 135.3 crore PF to staffers in the identical interval. The airline’s PPD filed with BSE says about Rs 72 crore TDS for AY 2009-10 to 2013-14 Is ‘disputed’.
A Correction:
SpiceJet’s TDS and PF dues to workers are over Rs 350 crore and never Rs 3,500 crore as inadvertently reported on Wednesday. The error is regretted. The airline’s preliminary placement doc (PPD) says it has not paid about Rs 220 crore TDS that was deducted from workers’ wage between April 2020 and Aug 2023 to tax authorities and in addition not paid over Rs 135.3 crore PF to staffers in the identical interval. The airline’s PPD filed with BSE says about Rs 72 crore TDS for AY 2009-10 to 2013-14 Is ‘disputed’.
