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in Economy

SpiceJet’s shares end over 19% higher amid reports of stake sale

by Editor October 13, 2023, 3:59 pm 1.5k Views

Cash-strapped SpiceJet’s shares jumped over 19 per cent on Friday after media reports stated that IndiGo co-founder Rakesh Gangwal was buying a ‘sizeable’ stake in the airline.

Following the reports in ET Now, SpiceJet’s shares ended Friday’s session 19.39 per cent higher at Rs 43.60 on the BSE. The airline’s market capitalisation (m-cap) stood at Rs 2,982.85 crore.

Queries sent to SpiceJet and…

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