SpiceJet Limited announced a private placement and it will receive gross proceeds up to INR 17,665,298,600 on December 12, 2023. The company will issue 32,08,05,972 equity shares having face value of INR 10 each, for an issue price of INR 50 per equity share for gross proceeds INR 16,040,298,600 and 13,00,00,000 warrants for an issue price of INR 12.5 per warrant for gross proceeds on INR 1,625,000,000 in the transaction. The transaction will include participation from All Trade Consultants Pvt.

Ltd, Amar Alliance Securities Private Limited, Anant Aggarwal, Ananthkrishna Subramanian Iyer, Anju Gupta, Anuj Premkumar Agarwal HUF, Aries Oppurtunites Fund Limited, Arjun Juneja, Arunim Purkayastha, Ashibhadarsh Ventures Private Limited, Ashwin Mehta HUF, Biz Secure Labs Private Limited, Divyanshu Aggarwal, Elara India Oppurtunites Fund Limited, Glaxo Finance Private Limited, Griebs Comosales LLP, Harit Exports Private Limited, Hello Money Advisors LLP, Indrasinh Sajubha Zala, Intech Technology DMCC, Jehangir Homi Mehta, Jitendra Rasiklal Sanghavi, Jyoti Gupta, Kapil Garg, Ketan P Kamdar, KIFS International LLP, Kirti Rungta, Kollagunta Sreenivasan Gopalaswamy, LKP Finance Limited, Mahapatra Universal Limited, Martina Developers and Fincon Private Limited, Mayur Gupta, Monika Garware, Morde Foods Private Limited, Mridul Das, N Ravichandran, Navin Mahavirprasad Dalmi, Nexta Enterprises LLP, Nexus Global Fund, Om Apex Investment Services Private Limited, Payal Nitin Magiya, Prabhudas Lilladher Advisory Servcies Private Limited, Preeti Mahapatra, Priya, Raghav Investment Pvt Ltd, Rajesh K Patel, Rakesh Gupta, Rashi Fincorp Limited, Resonance Opportunities Fund, Ridhi Vincom Private Limited, Rohit Agrawal, Ruhina Sharma, Saloni Jesal Shah Sanjiv Shyam Kela, Shalini Chandrakant Morde, Shankari,Shree Shyam Enterprises,Shree Shyam Investments,Silver Stallion Limited, Vanaja Sundar Iyer Vikasa India EIF I Fund, Viney Parkash Aggarwal and Vishal Nitin Sampat, Harihara Mahapatra and his wife Preeti for INR 11,000,000,000 for an equity stake of 19%. The company will receive funding in one or more tranches. The warrants have a total price of INR 50, of which the company will receive 25% of the total amount as upfront payment at the time of allotment of warrants and the remaining 75% will be paid upon exercise of warrants.

Each warrant is exercisable to acquire one equity share of the company, at an exercise price of INR 37.5 per share for a period of 18 months from the date of closing. The company will issue securities on preferential basis. The transaction has been approved by the board of directors and is subject to the approval of the members of the company and such regulatory authorities.