Aviation News

SpiceJet to list shares on National Stock Exchange; stocks jump over 8%, ET Infra


<p>Bombay Stock Exchange</p>
Bombay Stock Exchange

NEW DELHI: The no-frills airline SpiceJet announced it will soon list its securities on the National Stock Exchange (NSE). Despite financial challenges, the carrier witnessed a surge of more than 8% in its shares during morning trading on the Bombay Stock Exchange (BSE).

In a regulatory filing, the airline stated, “The company shall soon be listing its securities on the National Stock Exchange of India Limited” as part of its strategy to reach a broader investor base.

To meet the various requirements, including financial parameters, necessary for listing on the NSE, SpiceJet is actively working towards fulfilling these criteria.

Amidst multiple challenges, including issues with aircraft lessors, SpiceJet is actively seeking to raise funds. In the previous week, the airline disclosed that its board would discuss and consider options for raising fresh capital through the issuance of equity shares and/or convertible securities on a preferential basis.

On Monday, the company’s shares surged by 8.46% to Rs 59.62 apiece on the BSE. Concurrently, the broader market index, the 30-share Sensex, traded marginally higher at 69,918.80 points.

  • Published On Dec 11, 2023 at 04:24 PM IST

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