India's SpiceJet hits 16-month high on fund raising plans

Spicejet

07/12/2023 08:04

** Shares of budget airline SpiceJet  SPJT.BO  up 20% to
52.30 rupees, highest since Aug. 3, 2022
    ** Co will consider raising funds at board meeting on Dec.
11
    ** SPJT will likely raise 10 bln rupees ($120 million) to 12
bln rupees through issue of shares, TV channel ET Now reported
    ** 30.6 mln shares change hands, 6x 30-day avg
    ** SPJT shares up ~35% YTD 


($1 = 83.3180 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))