SpiceJet Limited (BSE:500285) announced a private placement of 3,750,000 non-convertible cumulative redeemable preference shares at INR 1,000 per share for gross proceeds of INR 3,750,000,000 on January 29, 2015. The company will issue preference shares to existing investor, Kal Airways Private Limited and Kalanithi Maran pursuant to preferential allotment.