Low-cost carrier SpiceJet is on the path to recovery, clearing all GST dues and settling employee salary arrears. Following a successful Rs 3,000 crore QIP, the airline attracted major investors like Goldman Sachs and Morgan Stanley,

As per the disclosure made by the lender, Citigroup Global Markets Mauritius Pvt. has been allotted 21.8% of the overall QIP issue, BofA Securities Europe SA ODI was allotted 8.3%, SBI Contra Fund 7.9%, Morgan Stanley Asia (Singapore) Pte. 5.9%, and Goldman Sachs (Singapore) Pte. 5.8%.

Low-cost airline SpiceJet announced on Friday that it has cleared all its Goods and Services Tax (GST) dues, just one day after settling salary arrears for its employees. This follows the airline's successful fundraising of Rs 3,

The shares of SpiceJet soared by up to 10% on September 23, following the airlines successful Rs 3,000 crore fundraising through Qualified Institutional Buyers (QIBs). This move offered a significant financial boost to the low-cost carrier amid financial challenges in recent times.

Beleaguered carrier SpiceJet has successfully cleared all its outstanding Goods and Services Tax (GST) dues, demonstrating its commitment to financial discipline and regulatory compliance. The airline’s statement on Friday highlighted that this milestone was achieved following SpiceJet’s recent Qualified Institutional Placement (QIP),

The airline, which raised Rs 3,000 crore through the Qualified Institutional Placement (QIP) route last week, had GST dues worth over Rs 145 crore. New Delhi: Debt-ridden SpiceJet on Friday said it has cleared all its Goods and Services Tax (GST) dues.

SpiceJet has cleared all GST dues and settled a dispute with ELFC. The airline also paid off salary dues to employees, showcasing its financial

On September 26, the airline had said it cleared pending salary dues worth Rs 80 crore; the QIP attracted a diverse range of top-tier institutional investors and funds