Corporate News     27-Feb-23
Board of SpiceJet approves conversion of lease liabilities
At meeting held on 27 February 2023
As part of the debt-equity swap with aircraft lessors Carlyle Aviation Partners (and its affiliated entities), the Board of SpiceJet at its meeting held on 27 February 2023 has approved issue equity shares on preferential basis to these aircraft lessors consequent upon conversion of their existing lease liabilities equivalent to an amount not exceeding US$29.5 million at price of Rs.48 per equity share or such price as may be determined in accordance with extant preferential issue guidelines.

The Board also approved the exchange of its outstanding lease liabilities for an aggregate amount not exceeding US$65.5 million into CCDs of SpiceXpress and Logistics held by the company.

Previous News
  Board of SpiceJet approves transfer of cargo biz to SpiceXpress and Logistics
 ( Corporate News - 27-Feb-23   11:54 )
  SpiceJet remits 1.5 million to Credit Suisse
 ( Corporate News - 15-Sep-23   09:01 )
  SpiceJet consolidated net profit rises 160.14% in the December 2022 quarter
 ( Results - Announcements 27-Feb-23   07:29 )
  SpiceJet to announce Quarterly Result
 ( Corporate News - 06-Nov-20   17:08 )
  Stock Alert: Jio Financial Services, Spicejet, Hatsun Agro Product, Hindustan Unilever (HUL)
 ( Market Commentary - Stock Alert 16-Jul-24   08:38 )
  SpiceJet settles dispute with aircraft lessors for 3 aircrafts
 ( Corporate News - 16-Aug-22   09:15 )
  Spicejet jumps on partnering with FTAI Aviation
 ( Hot Pursuit - 08-Jun-23   11:46 )
  SpiceJet to announce Quarterly Result
 ( Corporate News - 21-May-19   12:02 )
  SpiceJet gains on exiting DGCA's enhanced surveillance regime
 ( Hot Pursuit - 25-Jul-23   13:57 )
  Board of SpiceJet allots 1.68 lakh equity shares under ESOP
 ( Corporate News - 15-Sep-20   17:52 )
  SpiceJet takes off after good Q3 numbers
 ( Hot Pursuit - 14-Feb-20   15:02 )
Other Stories
  Lippi Systems AGM scheduled
  28-Sep-24   17:48
  SPS Finquest to convene AGM
  28-Sep-24   17:48
  Emmforce Autotech to hold AGM
  28-Sep-24   17:48
  Purohit Construction to convene AGM
  28-Sep-24   17:48
  Rotographics (India) schedules AGM
  28-Sep-24   17:47
  Jupiter Infomedia to convene AGM
  28-Sep-24   17:47
  SRG Securities Finance AGM scheduled
  28-Sep-24   17:47
  Manoj Ceramic to conduct AGM
  28-Sep-24   17:47
  Sical Logistics to hold AGM
  28-Sep-24   17:47
  Galaxy Agrico Exports to conduct AGM
  28-Sep-24   17:46
Back Top