SpiceJet planning to add fresh capital

SpiceJet is planning to raise more funds and convert certain outstanding liabilities into equity shares. The airline board members will meet on Friday and consider further options to raise capital, airline said in a statement. SpiceJet is grappling with legal woes, technical issues, aircraft grounding due to supply chain woes and is looking to raise fresh capital through the issuance of eligible securities to qualified institutional buyers. Besides, the carrier plans to issue equity shares on a preferential basis consequent upon the conversion of outstanding liabilities into equity shares of the company, subject to applicable regulatory approvals, according to a