India's SpiceJet rises on report top shareholder in talks to raise $100 mln

Spicejet

28/11/2023 08:51

** Shares of SpiceJet  SPJT.BO  rise 6.5% to 46.50 rupees
    ** Top shareholder Ajay Singh is in talks with credit funds
to raise up to $100 mln to refinance part of the cash-strapped
airline's debt and infuse fresh equity, Moneycontrol reports
    ** SPJT did not immediately reply to Reuters' request for
comment
    ** Over 6.6 mln shares change hands as of 02:14 p.m. IST,
1.2x the 30-day moving average
    ** Including day's move, stock up ~18% YTD

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))