SpiceJet flies high on raising additional Rs 316 crore
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SpiceJet is currently trading at Rs. 67.95, up by 0.97 points or 1.45% from its previous closing of Rs. 66.98 on the BSE.
The scrip opened at Rs. 67.70 and has touched a high and low of Rs. 68.80 and Rs. 67.52 respectively. So far 1745158 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.50 on 05-Feb-2024 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. 71.70 and Rs. 64.85 respectively. The current market cap of the company is Rs. 5045.70 crore.
The promoters holding in the company stood at 55.28%, while Institutions and Non-Institutions held 0.36% and 44.36% respectively.
SpiceJet has raised an additional Rs 316 crore, bringing the total investments raised to Rs 1060 crore under its preferential issue. The combined sum reflects strong investor confidence in SpiceJet's future and unlocks exciting opportunities for the company.
The Preferential Allotment Committee of SpiceJet’s Board of Directors convened on February 21, 2024, approved the allotment of 4.01 crore equity shares on a preferential basis to two investors, including Aries Opportunities Fund. Additionally, the Committee sanctioned the allotment of 2.31 crore warrants, offering the option to apply for and be allotted an equivalent number of equity shares, to four investors, including Elara India Opportunities Fund.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
