India's SpiceJet rises on share allotment to lessors to clear $28 mln dues

Spicejet

05/09/2023 05:06

** Shares of SpiceJet  SPJT.BO  up as much as 7.5% at 33.45
rupees 
    ** The budget carrier on Monday said it allotted over 48 mln
shares to nine aircraft lessors to clear its outstanding dues
worth 2.31 bln rupees (~$28 mln)
    ** SPJT on track to rise for third straight session, if
gains hold
    ** Over 1.4 mln shares change hands as of 09:30 a.m. IST,
0.6x the 30-day moving avg
    ** As of last close, stock down ~20% so far this year 


($1 = 82.8125 Indian rupees)

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