This allocation valued at ₹231 crore is aimed at clearing the airline’s outstanding dues according to a statement filed with the BSE.

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https://www.ganganews.com/business/spicejet-allots-equity-shares-to-lessors-to-clear-%e2%82%b9231-crore-dues/

SpiceJet Allots Equity Shares to Lessors to Clear ₹231 Crore Dues : Ganga News

SpiceJet has allocated 4.81 crore equity shares to nine aircraft lessors on a preferential basis to settle outstanding dues of ₹231 crore.

Ganga News