Key Points
Along with fundraising, the board will also consider and approve the September quarter results of the debt-laden company.IANSHINDI..
MUMBAI - Shares of SpiceJet were locked in the 20% upper circuit and hit a 15-month high in trade on Thursday, buoyed by the airlines plans to consider fundraising options...
On Wednesday, the airline operator said in an exchange filing that the board will meet on December 11 to discuss and approve raising fresh capital via issue of equity shares and/or convertible securities on a preferential basis..
The 15-month high of Rs 52.29 was tested on the back of strong volumes of more than 30 million shares, which was way higher than the six-month daily average volume of over 3 million shares...
For the quarter ended June, the airline reported a consolidated revenue of Rs 2,004 crore compared to Rs 2,145 crore a quarter ago, and a profit of Rs 197 crore against a loss of Rs 6.2 crore a quarter ago...
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