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Rare Enterprises buys 75 lakh equity shares in SpiceJet

29 Nov 2014 Evaluate

Rare Enterprises, an asset management firm, has bought 75 lakh equity shares worth an aggregate amount of Rs 13.41 crore in SpiceJet. The total paid up capital of the company was 59,94,50,183, after assuming full conversion of warrants and convertible securities, on September 30, 2014,

SpiceJet is India’s most preferred airline who delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations

Peers
Company Name CMP
Interglobe Aviation 5015.40
SpiceJet 10.16
TAAL Tech 1090.45
Taneja Aerospace 354.10
Global Vectra Helico 138.85
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