SpiceJet shares reach a new 52-week high after announcing plans for a listing on the National Stock Exchange (NSE). The airline, however, does not specify a listing date but mentions it will happen ‘soon.’
Share prices were trading at Rs 61.23 (8.40% higher) as of 2:21 pm.
The cash-strapped SpiceJet’s board will meet Today, December 11 to explore raising fresh capital through equity or convertible securities.
On December 5, the National Company Law Tribunal (NCLT) rejects an insolvency plea by Willis Lease Finance over unpaid dues.
Three aircraft lessors filed four insolvency pleas in 2023 against SpiceJet for non-payment, along with an insolvency plea from a tech services provider.
The debt-laden airline faces operational disruptions and flight delays in airports such as Pune, Patna, and New Delhi.
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