Struggling SpiceJet receives Rs 2,250 crore from new investors like Elara India Opportunities Fund, Aries Opportunities Fund, Nexus Global Fund, and Prabhudas Lilladher. The funding aims to ease financial stress, pay employees, and settle statutory dues. The low-cost carrier has struggled to pay stakeholders, resulting in flight cancellations and a negative impact on on-time performance. SpiceJet's board has approved the fund-raising, which includes issuing equity shares to strengthen the airline's financial position and accelerate growth.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kA0i9r6
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