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Spicejet claims it has cleared pending employee provident fund dues; shares recover 5% from day’s low
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.
SpiceJet clears Rs 160 crore in pending employee provident fund dues
SpiceJet has been utilising its internal cash flows to meet its statutory obligations, including PF and TDS payments, reflecting the airline’s improved financial health and operational discipline, the airline said in a statement.
SpiceJet clears all pending PF dues worth Rs 160 cr
SpiceJet has cleared all outstanding employee provident fund dues totaling Rs 160.07 crore. Using internal cash flows and funds from a recent QIP, the airline has also settled statutory liabilities and resolved disputes with lessors and creditors.
SpiceJet clears pending EPF dues to the tune of ₹160 crore
SpiceJet clears ₹160.07 crore PF dues, statutory liabilities, and resolves disputes, demonstrating financial health and commitment to excellence.
SpiceJet says cleared Rs160 cr worth pending employee provident fund dues
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.
SpiceJet shares soar as the airline announces clearance of PF dues worth ₹160 crores
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 all Pending Employee Provident Fund Dues
SpiceJet has successfully cleared all pending employee provident fund (PF) dues amounting to INR 160.07 Crore, spanning over two years, reaffirming its commitment to employee welfare and financial accountability.
Post-QIP success: SpiceJet clears Rs 160 crore employee PF dues and statutory liabilities
SpiceJet has enhanced its financial health and saved substantially on interest payments associated with overdue statutory dues.
SpiceJet says cleared ₹160 crore worth pending employee provident fund dues
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 clears Rs 160.07 cr employee provident fund dues
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),
SpiceJet clears provident fund dues
Christmas has come early for SpiceJet employees as the airline has cleared all pending employee provident fund (PF) dues amounting to Rs 160.07 crore. A SpiceJet spokesperson told mid-day, “SpiceJet has successfully cleared all PF dues spanning over two years,
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