SpiceJet stock ends 3% up as board will consider fundraising plan tomorrow

The company's stock traded on a bullish note during Tuesday's session.

Jun 29, 2021 04:06 IST India Infoline News Service

Private airline, SpiceJet has announced that the company's board will consider a fundraising plan on June 30, 2021. The company's stock traded on a  bullish note during Tuesday's session.

In its regulatory filing, SpiceJet said that "the Board of Directors of the Company in its meeting scheduled on Wednesday, the 30th day of June 2021 will discuss and consider, interalia, options for raising fresh capital through the issue of equity shares/debt instrument on preferential/qualified institutions placement basis, in accordance with the relevant provisions of applicable law and subject to approval of the shareholders of the Company and receipt of applicable regulatory approvals, as may be required."

On Sensex, SpiceJet closed at Rs82.20 per piece up by 3.2%.

The stock was near the day's high of Rs82.65 per piece. 

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