SpiceJet Board to consider fundraising proposal on Nov. 18 amid operational headwinds

SpiceJet said its board would meet on November 18 to consider and approve the proposal for raising fresh capital. File | Photo Credit: Reuters Budget carrier SpiceJet on Friday (November 13, 2026) said its board will consider a proposal for raising fresh funds on November 18. In recent times, the airline has been facing significant financial and operational headwinds. It has also curtailed flights.SpiceJet said its board would meet on November 18 to consider and approve the proposal for raising fresh capital.The fresh capital could be raised "by way of issuance of equity shares, preference shares, debt securities and/or other permissible instruments, through preferential issue, qualified institutions placement or any other mode," it said in a regulatory filing.Shares of the company rose nearly 5% to ₹8.67 apiece in late afternoon trade on the BSE.The airline's domestic market share dropped to 0.6% in September from 1.2% in August, according to the latest DGCA data. Published - November 13, 2026 02:00 pm IST