Akasa Air has revised its authorised share capital as it prepares to raise funds from existing and new investors.Last August the airline had raised around Rs 1200 crore by issuing compulsorily convertible preference shares (CCPS). According to a Bloomberg report it is planning to raise another Rs 1000 crore in equity and debt as it targets expansion and navigates the challenges caused by West Asia conflict.In the general meeting earlier this month, airline’s shareholders revised the company’s authorised share capital from ₹171.50 crore to ₹197.50 crore. The resolution said fund raising is planned to meet future capital requirements and the company proposes to raise additional capital by issuing CCPS on a private placement basis.The CCPS issued last year carried a premium of ₹224.81 and that is not included in the authorised and paid up capital.Akasa Air did not respond to specific queries on the issue. However in a statement Akasa Air said it is well capitalised with a clear long term growth strategy. “This financial strength allows us to execute our growth plans with confidence and make decisions that best support our long term business objectives,” it said. Akasa Air said it also looks forward to availing the benefits of the Emergency Credit Line Guarantee Scheme to further strengthen its growth plans.In FY26, Akasa Air saw 37 per cent increase in operating revenue on the back of 30 per cent growth in capacity. The airline inducted ten aircraft in the last fiscal and grew its network to 32 destinations. It is targeting 30 per cent growth in FY27 as well.Published on July 19, 2026