ย In a release, the carrier said it has cleared all the GST dues. File.
| Photo Credit: Reuters
Debt-ridden SpiceJet on Friday (September 27, 2024) said it has cleared all its Goods and Services Tax (GST) dues.
The airline, which raised โน3,000 crore through the Qualified Institutional Placement (QIP) route last week, had GST dues worth over โน145 crore.
In a release, the carrier said it has cleared all the GST dues.
As per the preliminary placement document related to โน3,000 crore fund raise, the airline had GST dues of โน145.1 crore as on September 15.
After receiving the fresh capital of โน3,000 crore, SpiceJet has also cleared salary dues of employees for July and August as well part of pending June salaries.
Shares of the company rose around 1% to โน62.39 apiece in the morning trade on BSE.
Published – September 27, 2024 09:20 pm IST
