₹231 crore (about $28 million). With plans to raise approximately $100 million, promoter Ajay Singh is reportedly in talks with global credit funds to settle its dues.
SpiceJet shares hit the 20% upper circuit limit today to ₹52.30, following the company's announcement to raise fresh funds. This is also the stock's new 52-week high.
The significant uptick was driven by the company's announcement of plans to raise fresh funds to settle its dues. Milestone Alert!
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