SpiceJet plans to raise funds, to be discussed at board meeting on June 30

According to a Wednesday release, the drive will begin from Delhi and Gurugram (SpiceJet's headquarters) and cover all employees at the airline's stations. SpiceJet claims it employs around 15,000 people.Live bseVolume Todays L/H - nse Live Volume TodaysSpiceJet, a no-frills carrier, plans to raise funds via the issuance of equity shares and debt instruments. The proposal will be discussed by its board at its June 30 meeting.This proposal is made at a time when airlines are facing strong headwinds from the coronavirus pandemic, which has also led to less occupancy on many flights.InterGlobe Aviation (parent of India's largest airline IndiGo) received shareholders' approval earlier this month to raise up to Rs. 3,000 crore.SpiceJet announced late Sunday in a regulatory filing that it will be discussing "options to raise fresh capital through issue equity shares/debt instruments on preferential/qualified institution placement basis" at its scheduled meeting on June 30, (Wednesday).SpiceJet board will also be considering the audited standalone as well as consolidated financial results for fiscal year ending March 31, 2021.