Today, spicejet shares are seeing a boom.
New Delhi:Budget carrier SpiceJet on Monday said its subsidiary SpiceXpress and Logistics will raise $10 million from a UK-based group. Facing financial constraints and an insolvency petition by an aircraft lessee, SpiceJet recently parted ways with SpiceXpress.
Last week, the airline had said it has no plans to file a bankruptcy petition and will invest USD 25 million to restart ground 10 grounded aircraft. The UK-based SRAM&MRAM group will invest USD <> million in SpiceXpress, the airline said in a statement on Monday.
SpiceJet Chairman and MD Ajay Singh said the USD 100 million investment will help SpiceXpress grow and expand further and provide more streamlined and better service to its customers.
After this news, spicejet shares (SpiceJet share price) are seeing a rise. SpiceJet shares were trading at Rs 11.55, up 2.30 per cent on the BSE at around 30:26 am today.