Shares of slipped 2.04 per cent to close at Rs 36.08 on Thursday. Despite the decline, the stock remains 8.71 per cent higher over the past month, even as it continues to trade 36.05 per cent lower on a year-to-date (YTD) basis.

The budget carrier recently completed the allotment of equity shares to Carlyle Aviation Partners. The Allotment Committee of the Board, in its meeting on November 18, approved the issuance of 10,41,72,634 equity shares with a face value of Rs 10 each at an issue price of Rs 42.32 per share. Advertisement

The preferential allotment, made under the non-promoter category, has effectively removed Rs 442.25 crore ($50 million) of liabilities from the company's balance sheet. As part of the settlement framework, the agreement includes a mechanism in which any proceed

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