SpiceJet shares soar 17% on CCI nod for capital infusion plan

February 20, 2015 12:24

Shares of SpiceJet surged more than 17 per cent in morning trade today after fair trade watchdog CCI approved original promoter Ajay Singh's plan to acquire controlling stake in the carrier.

Under the revival plan, Singh would infuse Rs 1,500 crore into the carrier after acquiring over 58 per cent stake from outgoing promoters, Marans.

The scrip, listed on the BSE, jumped 17.79 per cent to Rs 23.50. It had opened at Rs 22.80 and touched an intra-day high of Rs 23.50. At the current price, the carrier has a market valuation of more than Rs 1,400 crore.

« Back to LIVE

TOP STORIES

3 Indians accused of killing Nijjar appear in court

All three agreed to have the proceedings heard in English and each of them nodded that they understood the charges of first-degree murder and conspiring to murder Nijjar, the report said.

IPL PIX: Badoni, Pooran lift LSG to 165 for 4 vs SRH

IMAGES from the Indian Premier League match played between SunRisers Hyderabad and Lucknow Super Giants in Hyderabad, on Wednesday.

Don't be scared, send CBI or ED to Adani, Ambani: Rahul hits back at Modi

Rahul Gandhi's retort to PM Modi came after the latter attacked him at an election rally saying why he has "stopped" naming Adani and Ambani in his attacks and whether he has received money from them in return.

Rural FMCG growth overtakes urban after 5 quarters

India's fast-moving consumer goods (FMCG) sector witnessed growth in rural consumption in volume terms outpace urban consumption for the first time in five quarters, in the January-March period. According to a report from consumer...

AstraZeneca withdraws COVID-19 vaccine globally: Report

Pharma giant AstraZeneca's Covid-19 vaccine is being withdrawn worldwide after the company acknowledged for the first time in court documents that it can cause a rare and dangerous side effect, according to a report in the British...