SpiceJet inventory rallied amid reviews that just about 3 per cent fairness modified arms on the BSE.
New Delhi:
Shares of SpiceJet had been in heavy demand immediately and jumped 20 per cent to hit the higher circuit restrict.
The inventory rallied amid reviews that just about 3 per cent fairness modified arms on the BSE.
On Monday, SpiceJet introduced the allotment of 4.81 crore fairness shares on a preferential foundation to 9 of its plane lessors to clear excellent dues of Rs 231 crore.
Shares of the corporate jumped 19.98 per cent to settle at Rs 39.70 — its higher circuit restrict — on the BSE.
In quantity phrases, 247.71 lakh shares of the corporate had been traded on the BSE.
The Nationwide Firm Legislation Tribunal (NCLT) on Tuesday advised that SpiceJet settle the problems with lessors which have sought initiation of insolvency proceedings in opposition to it.
SpiceJet on Tuesday mentioned it has acquired as much as three months extra time from the Registrar of Firms for holding its annual normal assembly for the 12 months ended March 2023.
(Apart from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
