Shares of SpiceJet jumped more than 10 per cent on Monday amid the plans of the no-frills airline to raise funds as well as list on the National Stock Exchange.
The stock rallied 10.19 per cent to close at Rs 60.57 per piece on the BSE
On the volume front, 6.58 crore equity shares of the company were traded on the BSE during the day. At the end of the session, the 30-share BSE Sensex
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In a regulatory filing on Monday, SpiceJet said that to reach a wider investor base, “the company shall soon be listing its securities on National Stock Exchange of India
There are various requirements, including financial parameters, that need to be fulfilled by companies to get listed on the NSE.
SpiceJet, which has been grappling with multiple headwinds, including issues with aircraft lessors, is looking to raise funds.
The airline’s board meeting on Monday will discuss and consider options for raising fresh capital through the issue of equity shares and/or convertible securities on a preferential basis.