SpiceJet Share Price Today: Shares of SpiceJet surged as much as 5.5 percent in early trade on September 9 after the company announced plans to issue shares to Carlyle Aviation as part of a restructuring deal to convert a portion of its dues into equity.

“Please note that SpiceJet Limited and Carlyle Aviation Management Limited have entered into a term sheet to restructure certain aircraft lease obligations of SpiceJet aggregating to USD 137.68 million, which upon settlement/waivers will be adjusted to USD 97.51 million,” said the company in its filing to the exchanges.

Part of the outstanding lease arrears ($137.68 million), which is adjusted to $97.51 million are proposed to be restructured through the issuance/purchase of securities under the agreement.

The leasing firm which has the largest exposure among other lessors of around 8 Boeing 737 has valued the airline’s share at Rs 100 per equity share. This is at a significant premium than the current share price of the airline which closed at Rs 61.46 on the Bombay Stock Exchange, or 2.4% lower, on Friday.

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