SpiceJet shares rally 10% as co to add 10 new aircraft to fleet by November-end
Shares of SpiceJet surged 9.5% to its dayβs high of Rs 63 on BSE after the company announced that it will add 10 new planes to bolster its fleet and operations. βSpiceJet is set to significantly expand its fleet by the end of November with the induction of ten aircraft, marking a major step in…
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The liquidity game on Dalal Street: The rise of phoenixes?
Liquidity has magical powers. When it is in deficit, it can sink an otherwise sensible business into insolvency. On the other hand, when it is in surplus, it can magically salvage an otherwise insolvent business from the cusp of demise. Many examples come to mind. But the ones that strike you with huge astonishment are…
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SpiceJet approves 48.7 crore share issue for Rs 3,000 crore QIP at Rs 61.60 apiece
Low-cost airline SpiceJet on Saturday announced that its board has approved the issuance and allotment of about 48.71 equity shares to eligible qualified institutional buyers to raise Rs 3,000 crore at an issue price of Rs 61.60 apiece. The issue price includes a premium of Rs 51.60 per unit and a discount of Rs 3.19…
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Stocks in news: NTPC, IREDA, SpiceJet, Nazara Tech, GE T&D India, Power Grid
Domestic markets remained volatile for another session, ending flat in line with global trends ahead of the US Fed meeting. In today’s trading, shares of NTPC, IREDA, SpiceJet, Nazara Tech, GE T&D India, and Power Grid, among others, will be in focus due to various news developments. IREDA The Indian Renewable Energy Development Agency (IREDA)…
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Sebi exempts Spice Healthcare from making open offer for SpiceJet shareholders
Markets regulator Sebi has exempted Spice Healthcare Pvt Ltd from making an open offer to SpiceJet shareholders in relation to acquisition of additional shares in the airline. On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline. In this…
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Stocks in news: Bajaj Auto, SpiceJet, Jio Financial, HUL, Vedanta, ZEE
Domestic markets sustained their upward trajectory into the new week as indices reached fresh highs on Monday. In today’s trade, shares of Bajaj Auto, SpiceJet, Jio Financial, HUL, Vedanta, ZEE among others will be in focus due to various news developments and first quarter results. Bajaj Auto, L&T Finance, Just Dial Shares of Bajaj Auto,…
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