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Spicejet flies higher on plan of raising first tranche of funds by January 10

09 Jan 2015 Evaluate

Spicejet is currently trading at Rs. 18.30, up by 1.65 points or 9.91% from its previous closing of Rs. 16.65 on the BSE.

The scrip opened at Rs. 18.00 and has touched a high and low of Rs. 18.30 and Rs. 17.90 respectively. So far 2697947 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.20 on 26-May-2014 and a 52 week low of Rs. 11.10 on 13-Aug-2014.

Last one week high and low of the scrip stood at Rs. 18.50 and Rs. 15.75 respectively. The current market cap of the company is Rs. 1096.99 crore.

The promoters holding in the company stood at 53.48 % while Institutions and Non-Institutions held 0.83 % and 45.69 % respectively.

SpiceJet is likely to raise the first tranche of funds by January 10. The airline is facing an acute cash crunch and has pending dues of about Rs 1,200 crore, including Rs 200 crore to the Airports Authority of India, which has threatened to put the airline on cash-and-carry mode if dues are not paid.

SpiceJet’s former director Ajay Singh along with two US-based private equity investors are in discussions to invest in the airline. The Sun Group, which Maran heads, has made it clear that it does not want to put in any more money into the airline.

SpiceJet Share Price

13.88 -0.26 (-1.84%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4638.75
SpiceJet 13.88
Raymond 422.05
Global Vectra Helico 203.85
Taneja Aerospace 281.55
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