 "SpiceJet surges 10% on fund infusion plan")
SpiceJet is locked in upper circuit of 10% at Rs 18.30 on BSE with no sellers on the counter on reports that the company has informed the civil aviation ministry that it will raise the first tranche of funds by January 10.
Till 0930 hours, around 2.26 million shares changed hands and there are pending buy orders for 2.27 million shares on BSE.
SpiceJet's former director Ajay Singh along with two US-based private equity investors are in discussions to invest in the airline. According to reports, JPMorgan is interested in picking up a stake and the due diligence process is currently on, a Business Standard report suggest.
Till 0930 hours, around 2.26 million shares changed hands and there are pending buy orders for 2.27 million shares on BSE.
SpiceJet's former director Ajay Singh along with two US-based private equity investors are in discussions to invest in the airline. According to reports, JPMorgan is interested in picking up a stake and the due diligence process is currently on, a Business Standard report suggest.