Spicejet Shares: Shares of SpiceJet rose nearly 14% in mid-day trading on December 11 after the Indian airline announced that it would soon list its shares on the NSE (National Stock Exchange). The stock was trading at a level of Rs 62 around 1:00 PM.
In an exchange filing, SpiceJet said, "To reach out to a wider investor base, the company would like to inform you that it will soon list its securities on the National Stock Exchange of India Limited."
The rise in SpiceJet's share price came ahead of the company's board meeting to discuss and consider options for raising fresh funds by issuing equity shares or convertible debentures on a preferential basis as per relevant provisions of applicable laws and subject to shareholder approval. The company and the airline said.
The announcement of the board meeting came as Ajay Singh, SpiceJet promotor, is in talks with global private debt funds to raise $100 million to refinance part of the promoter debt and inject fresh equity into the airline. SpiceJet is also likely to announce its July-September quarter results.
Recommended For You
Shares of SpiceJet rose nearly 7% in early trade on December 11 after the Indian airline announced that it would soon list its shares on the NSE.
Airlines stock picked up some early gains just minutes into the trading session. Shares of SpiceJet were trading at ₹62, up 14% on the BSE at 1:00 Pm. So in 2023 (year-to-date), the stock has returned 56%.
The 52-week low of SpiceJet stock is Rs 22.65 and the shares achieved their new 52-week high today only. Till mid-day trade, the shares have Rs 63.69 as 52 weeks high.
One Friday the shares of SpiceJet closed at Rs 54.97, It opened at Rs 59.
Also Read: Investment Through SIP: Keep These Things In Mind, You Will Make More Money