Scoreboard
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Spirit Airlines has reached an agreement with creditors to emerge from Chapter 11 bankruptcy by early summer. The restructuring plan includes fleet reductions, cost optimization, and operational changes. The deal provides financial support to stabilize operations, positioning Spirit for recovery in the competitive U.S. low-cost airline market.
Biocon Ltd has received U.S. FDA approval for its Liraglutide Injection (gSaxenda®), indicated for chronic weight management. The drug, delivered via single-patient-use prefilled pens, is approved as an adjunct to diet and exercise. This milestone strengthens Biocon’s presence in the fast-growing GLP-1 receptor agonist market.
Indian Railway Finance Corporation (IRFC) has announced a floor price of ₹104 per share for its upcoming offer-for-sale (OFS). The move is part of the government’s disinvestment strategy, aimed at raising funds while allowing retail and institutional investors to participate in India’s expanding railway infrastructure financing sector.
5paisa Capital Ltd has announced plans to raise up to ₹4.75 billion through a rights issue of equity shares. The fundraising initiative aims to strengthen the company’s capital base, support expansion in retail broking and financial services, and enhance digital infrastructure for its fast-growing customer base.
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