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SpiceJet’s Rs 3,000 crore issue commences; floor price set at Rs 64.79 per share

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SpiceJet has set a floor price of Rs 64.79 per share for the sale of securities to qualified institutional buyers through which the budget carrier aims to raise up to Rs 3,000 crore. Last week, shareholders approved a proposal to raise up to Rs 3,000 crore. According to the preliminary placement document, a copy of … Read more

Draghi report on EU economy is ‘severe but just’: ECB’s Lagarde

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European Central Bank chief Christine Lagarde said Thursday a report written by her predecessor Mario Draghi calling for sweeping reforms to boost the EU economy was “severe” but “just”. “It’s a formidable report in that it poses a diagnosis which is severe but which is just in our view,” Lagarde said at a press conference. … Read more

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