{"id":137121,"date":"2024-09-18T11:33:03","date_gmt":"2024-09-18T11:33:03","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/18\/spicejet-rs-3000-cr-qip-oversubscribed-airline-to-get-funding-soon-times-of-india\/"},"modified":"2024-09-18T11:33:04","modified_gmt":"2024-09-18T11:33:04","slug":"spicejet-rs-3000-cr-qip-oversubscribed-airline-to-get-funding-soon-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/18\/spicejet-rs-3000-cr-qip-oversubscribed-airline-to-get-funding-soon-times-of-india\/","title":{"rendered":"&#8216;SpiceJet Rs 3,000-cr QIP oversubscribed; airline to get funding soon&#8217; &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-113455700,imgsize-1220041.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"&#8216;SpiceJet Rs 3,000-cr QIP oversubscribed; airline to get funding soon&#8217; &#8211; Times of India\" title=\"&#8216;SpiceJet Rs 3,000-cr QIP oversubscribed; airline to get funding soon&#8217; &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: <!-- -->SpiceJet<!-- --> is now looking at a lifeline with its crucial <!-- -->fundraising<!-- --> exercise learnt to be finding favour with investors. The airline\u2019s Rs 3,000-crore qualified institutional placement (QIP) has been oversubscribed, say sources. The likely <!-- -->investors<!-- --> include institutional funds like <!-- -->Tata Mutual Fund<!-- -->, <!-- -->Bandhan Bank<!-- -->, Discovery Fund, Plutus, Jupiter Fund Management and Think Investments.Family offices of ace investor <!-- -->Madhu Kela<!-- -->, <!-- -->Akash Bhanshali<!-- -->, <!-- -->Sanjay Dangi<!-- --> and Rohit Kothari are also learnt to have subscribed to the <!-- -->QIP<!-- -->.<br \/>\u201cThis demonstrates strong investor confidence in the airline and in its growth potential. The QIP received an overwhelming response from investors and was significantly oversubscribed on its first day. The total offers received exceed Rs 3,000 crore. This support shows the belief in the airline\u2019s ability to capitalise on India\u2019s growing aviation market and achieve sustained growth,\u201d say sources.<br \/>The airline could soon get funds and will then unground its fleet apart from paying employees\u2019 PF and TDS dues, sources say.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The airline\u2019s Rs 3,000-crore qualified institutional placement (QIP) has been oversubscribed, say sources. The likely investors include institutional funds like Tata Mutual Fund, Bandhan Bank, Discovery Fund, Plutus, Jupiter Fund Management and Think Investments.Family [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":137122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-113455700,imgsize-1220041.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[109750,6418,109749,25056,289,2801,35395,273,6089,109748,10079,58459,98731,14989,109747,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/137121"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=137121"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/137121\/revisions"}],"predecessor-version":[{"id":137123,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/137121\/revisions\/137123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/137122"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=137121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=137121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=137121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}