Stocks

Promoter fund infusion lifts SpiceJet stock

Our Bureau Chennai | Updated on March 12, 2018 Published on October 14, 2011

The stock of SpiceJet climbed 4.75 per cent on the BSE at Rs 22.05 on the BSE after its promoter, Mr Kalanithi Maran, infused funds in the company

According to a statement in the BSE, the company said the allotment committee of the board allotted 3.59 crore equity shares at Rs 36.48 a share on preferential allotment basis to Mr Kalanithi Maran.

Trading volume jumped to 28.99 lakh shares against its two-week average of 22.75 lakh shares.

Published on October 14, 2011
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