Amid the uncertainty surrounding the fund infusion, the company's share price closed 3.44% down at ₹63.37 on the BSE on Wednesday.
In December, the company's board had approved fundraising proposal of ₹2,250 crore through issuance of securities on a preferential basis. On January 26, the carrier received 744 crore as first tranche. Sources said that it is unlikely that further fund infusion will happen.
Sources added that SpiceJet has delayed payment of January salaries to many of its employees. It has also delayed depositing the money into the pension funds and taxes deducted from the salaries.
When contacted, a company spokesperson said that January salaries have been paid to 80% of the employees. The amount due for provident fund and tax deducted at source will be paid soon and within stipulated timeline.
Bu hikaye Financial Express Mumbai dergisinin February 15, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin February 15, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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