SpiceJet riseup 10% ahead of amelioration plan submission to government
As Investors overtake upward more shares of SpiceJet ahead of submission of amelioration plan to the government on Friday. The stock gained profit as much as 10.5 percent intraday. Troubled budget carrier SpiceJet would submit a amelioration plan to the government today on the basis of a proposed investment of USD 200 million from initiate promoter Ajay Singh and US-based JP Morgan Chase, Reports estimate that quoting unnamed official sources.
Airline has already sustain Rs 17 crore from the investors, the sources said, adding that it has moped off all its dues to the oil companies. At 10:22 hours IST, the stock was quoting at Rs 19, up Rs 1.35, or 7.65 percent on the BSE.
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