SpiceJet scrip jumps over 6% on BSE
Shares of low-cost air carrier SpiceJet spurted by over 6 per cent in morning trade on the BSE on Friday after the company raised Rs 131 crores through the allotment of shares to promoter Kalanithi Maran on a preferential basis.
After a positive opening on the BSE, the stock jumped further by 6.17 per cent to a high of Rs 22.35.
In a filing to the BSE after market hours yesterday, the company said, "The allotment committee of the board allotted 3.59 crore equity shares of Rs 10 each at a premium of Rs 26.48 to Kalanithi Maran, the promoter of the company, on a preferential basis."
With this, Maran's stake in the airline will increase to 43 per cent. Maran, together with his firm Kal Airways, earlier held a 38.16 per cent stake in Spicejet.
Meanwhile, in highly volatile trade, the BSE benchmark Sensex was trading 82.61 points higher at 16,966.53 at 1236 hours on Friday.
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