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Shares of SpiceJet has soared 18% to Rs 18.60, extending its Friday’s rally on BSE, on media reports the company could see a change of management and get new funds.
The stock hit a high of Rs 18.90 in intra-day trade today, rallied 41% in past two trading sessions from Rs 13.20 on December 18.
The counter has seen huge trading activity with around 2.09 million shares already changed hands till 1040 hours, against an average sub 2 million shares that were traded daily in past two weeks on BSE.
Beleaguered SpiceJet could see a change of guard if Indian and foreign investors, who are now carrying out due-diligence of the cash-strapped airline, are convinced about investing Rs 1,200 crore and picking up considerable stake in it, the PTI report suggests quoting industry sources.
Ajay Singh, one of the original promoters, held a series of meetings late last week with Civil Aviation Minister Ashok Gajapathi Raju and top government officials, fuelling speculation of more investments coming in from new investors in SpiceJet, added report.
The Marans own 53.48% stake in the company together, with their Sun Group.
The stock hit a high of Rs 18.90 in intra-day trade today, rallied 41% in past two trading sessions from Rs 13.20 on December 18.
The counter has seen huge trading activity with around 2.09 million shares already changed hands till 1040 hours, against an average sub 2 million shares that were traded daily in past two weeks on BSE.
Beleaguered SpiceJet could see a change of guard if Indian and foreign investors, who are now carrying out due-diligence of the cash-strapped airline, are convinced about investing Rs 1,200 crore and picking up considerable stake in it, the PTI report suggests quoting industry sources.
Ajay Singh, one of the original promoters, held a series of meetings late last week with Civil Aviation Minister Ashok Gajapathi Raju and top government officials, fuelling speculation of more investments coming in from new investors in SpiceJet, added report.
The Marans own 53.48% stake in the company together, with their Sun Group.
