New Delhi: SpiceJet Ltd is in "exploratory and preliminary stage" talks with investors about raising fresh capital that it needs to return to profitability, the budget airline said in a regulatory filing on Monday.
SpiceJet, which this month reported its fifth consecutive quarter of losses, has been trying to raise fresh capital for much of this year. It said in May it was in "advanced" talks for capital infusion but no deal materialised.
"We wish to clarify that a few parties have approached us and evinced interest in making investments into SpiceJet Limited (the "Company"), as the Company has been exploring various options for raising fresh capital," the airline said.
The talks are at an early stage so it would be improper to comment on the specifics of any possible stake sale, it said.
Shares in the carrier were down 2.37 percent by 3:45 p.m. following the statement, against a 0.58 percent rise in the Sensex and erasing some of Friday's gains when SpiceJet stock jumped 15 percent after news channel CNBC TV18 said an investment was imminent, citing sources.
24/11/14 Reuters
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SpiceJet, which this month reported its fifth consecutive quarter of losses, has been trying to raise fresh capital for much of this year. It said in May it was in "advanced" talks for capital infusion but no deal materialised.
"We wish to clarify that a few parties have approached us and evinced interest in making investments into SpiceJet Limited (the "Company"), as the Company has been exploring various options for raising fresh capital," the airline said.
The talks are at an early stage so it would be improper to comment on the specifics of any possible stake sale, it said.
Shares in the carrier were down 2.37 percent by 3:45 p.m. following the statement, against a 0.58 percent rise in the Sensex and erasing some of Friday's gains when SpiceJet stock jumped 15 percent after news channel CNBC TV18 said an investment was imminent, citing sources.
24/11/14 Reuters
