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SpiceJet makes payments to lessors, seeks more time from NCLT
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₹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!
Livemint tops charts as the fastest growing news website in the world
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'Trevor Noah: Where Was I': Release date, how to watch & more economictimes.indiatimes.com /11 months ago
SpiceJet board approves fundraising through issues of equity shares, warrants livemint.com /11 months ago
Good news for aviation: In a strong duopoly, hope soars for struggling SpiceJet economictimes.indiatimes.com /11 months ago
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