SpiceJet clears all employee provident fund dues worth ₹160 crore

SpiceJet on Friday announced it has cleared all pending employee provident fund (PF) dues worth ₹160.07 crore, spanning over two years. The airline has been clearing dues over the past three months after raising ₹3,000 crore through a qualified institutional placement (QIP). Shares of SpiceJet ended over 1% higher after the announcement.