SpiceJet announced the clearance of ₹160.07 crore in employee PF dues, funded by a ₹3,000 crore QIP. The airline resolved disputes with lessors and improved its financial standing, while its share price increased amid the announcement.

MUMBAI: SpiceJet said on Friday that it has cleared all pending employee provident fund (PF) dues amounting to Rs 160.07 crore, spanning over two years. Over the past three months, since raising Rs 3,

SpiceJet shares soared after clearing ₹160 crore in pending employee PF dues. The airline's financial turnaround strategy is paying off, improving its balance sheet and operational efficiency.

SpiceJet clears ₹160.07 crore PF dues, statutory liabilities, and resolves disputes, demonstrating financial health and commitment to excellence.

SpiceJet on FridayOn Friday (December 13, 2024), SpiceJet said it cleared all employee provident fund (PF) dues worth ₹160.07 crore that were pending for over two years.

SpiceJet has said that since October 2024, the airline has utilised its internal cash flows to meet its statutory obligations, including PF and TDS payments.

SpiceJet has enhanced its financial health and saved substantially on interest payments associated with overdue statutory dues.

SpiceJet on Friday said it has cleared all employee provident fund dues worth Rs 160.07 crore that were pending for over two years.

SpiceJet has cleared Rs 160.07 Crore in pending employee provident fund (PF) dues accumulated over two years, along with other statutory liabilities like Tax Deducted at Source (TDS), Goods and Services Tax (GST),

The low-cost carrier, which has been facing multiple headwinds, recently raised Rs 3,000 crore, following which it has been clearing statutory, GST, and other dues.