SpiceJet flies high on repaying loan of Rs 100 crore to City Union Bank
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SpiceJet is currently trading at Rs. 31.20, up by 0.56 points or 1.83% from its previous closing of Rs. 30.64 on the BSE.
The scrip opened at Rs. 31.70 and has touched a high and low of Rs. 32.00 and Rs. 30.70 respectively. So far 5380080 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.40 on 03-Aug-2022 and a 52 week low of Rs. 22.65 on 23-May-2023.
Last one week high and low of the scrip stood at Rs. 32.00 and Rs. 27.10 respectively. The current market cap of the company is Rs. 1887.39 crore.
The promoters holding in the company stood at 58.98%, while Institutions and Non-Institutions held 0.44% and 40.59% respectively.
SpiceJet has repaid the Rs 100 crore loan taken from the City Union Bank. The last tranche of Rs 25 crore was paid on June 30, successfully closing the entire loan account which was taken in the year 2012. The repayment of the loan amount releases all securities that had been pledged with the bank.
Earlier, the airline had reached a settlement agreement with Nordic Aviation Capital (NAC), a major lessor for its Q400 aircraft.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
