SpiceJet to List Shares on NSE: Stock Soars 8%
Dec 11, 2023 11:38
SpiceJet announced it will list its securities on the NSE to reach a wider investor base. The airline is facing financial challenges and is looking to raise funds. Shares jumped over 8% on the BSE.
New Delhi, Dec 11 (PTI) No-frills airline SpiceJet on Monday said it will soon be listing its securities on the National Stock Exchange.
Shares of the carrier, which is navigating financial turbulence, jumped more than 8 per cent in the morning trade on the BSE.
In order to reach a wider investor base, "the company shall soon be listing its securities on National Stock Exchange of India Limited", the airline said in a regulatory filing.
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.
Last week, the airline said that its board will discuss and consider options for raising fresh capital through issue of equity shares and/or convertible securities on preferential basis.
On Monday, shares of the company soared 8.46 per cent to Rs 59.62 apiece on the BSE. The 30-share Sensex was trading marginally higher at 69,918.80 points.
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