[ad_1] Ajay Singh, Chairman and Managing Director of aviation carrier SpiceJet Ltd. sold some stake in the airline via block deals on Thursday, according to official data available on the Bombay Stock Exchange. Singh sold 1.15 crore shares or 0.89% of the total equity through these blocks, data indicated. The 1.15 crore shares were sold […]
SpiceJet reports ₹25 crore net profit in third quarter – CNBC TV18
[ad_1] SpiceJet Ltd announced its earnings for the September and December quarters on Wednesday, February 25. The airline reported a net profit of ₹24.9 crore in the third quarter against the previous year’s ₹301 crore. Chairman and managing director Ajay Singh the company turned net worth positive for the first time in a decade. “The […]
SpiceJet creditor takes airline shares at 78% premium as part of settlement – CNBC TV18
[ad_1] SpiceJet has reached a settlement with lessor Genesis to resolve a $16 million dispute, the airline said in a statement on December 19. Under the agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of ₹100 per share, which is 78% higher than the […]
SpiceJet QIP: Board greenlights 48.7 crore share allotment at ₹61.60 per share – CNBC TV18
[ad_1] SpiceJet announced on Saturday that its board has approved the issuance and allotment of 48.70 crore equity shares to qualified institutional buyers at ₹61.60 per share, which includes a premium of ₹51.60 and a discount of ₹3.19 per share to the floor price. The total amount raised from the issue will be ₹2,999.99 crore. […]
SEBI exempts SpiceJet promoter from making open offer to airline’s shareholders – CNBC TV18
[ad_1] The Securities and Exchange Board of India (SEBI) has granted SpiceJet’s promoter exemption from the obligation to make an open offer to the airline’s shareholders in relation to the acquisition of additional shares, the firm said in an exchange filing on September 14. On conversion of warrants that were issued to it, the promoter […]
SpiceJet shares hit turbulence amid enhanced DGCA surveillance, cash woes – CNBC TV18
[ad_1] SpiceJet shares tanked in early trade on August 30, a day after multiple developments added to the woes of the cash-strapped domestic airline. The aviation stock fell up to 6% in intraday trade. It traded 5.48% lower at ₹62.60 on BSE at 11:52 am. In the past year, the stock has given a return […]