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SpiceJet jumps on plans to sell stake to Malaysia's Air-Asia

26 Nov 2012 Evaluate

SpiceJet is currently trading at Rs. 45.15, up by 5.85 points or 14.89% from its previous closing of Rs. 39.30 on the BSE.

The scrip opened at Rs. 40.15 and has touched a high and low of Rs. 46.85 and Rs. 40.15 respectively. So far 30365779 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.85 on 26-Nov-2012 and a 52 week low of Rs. 15.35 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 46.85 and Rs. 34.40 respectively. The current market cap of the company is Rs. 2198.95 crore.

The promoters holding in the company stood at 48.59% while Institutions and Non-Institutions held 14.56% and 36.86% respectively.

SpiceJet, India's second-biggest budget carrier by market share is in talks with Malaysia's Air-Asia to sell a stake, as mentioned in a media report. This development comes in the light of Union Cabinet allowing foreign carriers to buy up to 49 per cent in the domestic airline companies.

Recently, the Sun group-promoted airline company reported that it was planning to raise equity capital from promoter group by issuing convertible debentures or warrant to fund its expansion plan. This issuance will be convertible up to a maximum of 52.177 million equity shares. The company will use these funds for expansion and it will also explore options including equity contribution from existing shareholders and raising debt.

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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