The Board of Directors will also discuss and consider options for raising fresh capital through issue of eligible securities to qualified institutional buyers, subject to applicable regulatory approvals.

The stock has hit a high of Rs.38.40 and a low of Rs.37.45.

 SpiceJet stated that it will hold a meeting on February 24 to consider issuing equity shares on a preferential basis consequent to the conversion of outstanding liabilities into equity shares of the company, subject to applicable regulatory approvals.

The Board of Directors will also discuss and consider options for raising fresh capital through issue of eligible securities to qualified institutional buyers, subject to applicable regulatory approvals.

The stock has hit a high of Rs.38.40 and a low of Rs.37.45.