SpiceJet share price: The share prices of domestic airline company SpiceJet have seen a rise of more than 10 percent. The reason behind the increase in the share price of SpiceJet is believed to be the news of SpiceJet raising Rs 3000 crore. The company has said in the information given that it has raised Rs 3,000 crore.
Company’s stock rose 10%
Today, the company’s shares opened at Rs 67.94 on BSE. But after this, the company’s shares rose by more than 10 percent compared to Friday’s closing and reached the level of Rs 72.80. This is very close to the company’s 52 week high of Rs 79.90. Let us tell you, SpiceJet’s 52 week low level is Rs 34 per share.
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QIP remained open from 16-18 September
SpiceJet said in a statement, the QIP opened on September 16 and closed on September 18. It received a very high subscription with a good response from qualified investors. This reflects strong confidence in the company’s growth prospects. The company said, apart from the financing of Rs 3,000 crore, it also received an additional amount of Rs 736 crore from the previous financing round. This will further boost its financial stability and growth plans.
SpiceJet Chairman and Managing Director Ajay Singh said, “The strong response from investors and institutions is a testimony to their belief in SpiceJet’s ability to expand rapidly and become a strong player in India’s growing aviation market.” The airline said, with this capital infusion, the airline is set to strengthen its operations, grow its fleet and expand its network to meet the growing passenger demand.
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(This is not an investment advice. The stock market is subject to risks. Please seek expert advice before making any investment.)
