Plutus Wealth Management on Tuesday raised its holding in domestic carrier SpiceJet by acquiring additional shares for Rs 50 crore through an open market transaction. According to the bulk deal available with the BSE, Plutus Wealth Management purchased 75 lakh shares or 0.58 per cent stake in Gurugram-headquartered SpiceJet. The shares were bought at an average price of Rs 66.70 apiece, taking the transaction value to Rs 50.02 crore. Details of sellers of SpiceJet's shares could not be identified on the BSE. Shares of SpiceJet jumped 6.95 per cent to close at Rs 68.13 apiece on the BSE. On Monday, Plutus Wealth Management bought 85 lakh shares, amounting to a 0.66 per cent stake in domestic carrier SpiceJet for Rs 51 crore.

Spicejet Ltd. has an average target of 62.00 from 1 broker.

SpiceJet stock flies 6% after 8.5 million shares change hands on BSE

Business Standard | 01 Oct 2024 1 more

Spicejet Ltd.

01 Oct 2024

45.26

0.38%

Plutus Wealth Management Buys Spicejet Stake Worth Rs 50 Crore Via Bulk Deal

NDTV Profit

Before this bulk deal, as of Monday, Plutus Wealth Management held 0.66% stake in the private airline.

Spicejet Ltd. is trading below all available SMAs

Spicejet Ltd.

30 Sep 2024

45.26

0.38%

Delhi HC asks SpiceJet to respond to execution petition on engines return

Business Standard

The Delhi High Court on Monday asked low-cost airline SpiceJet to file its reply to a petition seeking execution of an order directing it to ground three aircraft engines and hand those over to their lessors. The court also asked the airline to file an affidavit listing out its assets and posted the execution petition for further hearing on November 13. Justice Manmeet Pritam Singh Arora also issued a court notice to the Directorate General of Civil Aviation (DGCA), with a direction to its competent officer to remain present in the court on November 13, along with a status report confirming due compliance of the court's August 14 order. The court said in its status report, the DGCA will mention the status of the re-delivery of the engines. The high court had, in its August 14 order, directed SpiceJet to ground the three engines by August 16 and hand those over to their lessors within 15 days. The single-judge bench had directed the airline to offer prior inspection of the engines

Spicejet Ltd. is trading below all available SMAs

Spicejet Ltd.

27 Sep 2024

45.26

0.38%

SpiceJet Plans Major Fleet Expansion To 100 Aircraft By 2026: CMD Ajay Singh

NDTV Profit

"The idea is to restructure our existing liabilities, settle with all partners, and have the strength to grow back to a 100-aircraft fleet in a booming market," SpiceJet CMD Ajay Singh shared.

Spicejet Ltd. is trading below all available SMAs

Spicejet Ltd.

26 Sep 2024

45.26

0.38%

SpiceJet settles salary dues following successful Rs 3,000 crore QIP

Business Standard

SpiceJet's financial woes have been compounded by its inability to secure additional funding, resulting in defaults on lease payments for its aircraft

Spicejet Ltd. has an average target of 62.00 from 1 broker.

Societe Generale, Vikasa India EIF Pare Stake In SpiceJet Via Bulk Deals

NDTV Profit | 25 Sep 2024 1 more

Spicejet Ltd.

26 Sep 2024

45.26

0.38%

SpiceJet clears pending salaries after Rs 3,000 crore capital infusion

Business Standard

Domestic carrier SpiceJet has cleared all pending salary dues of its employees after securing a fresh capital infusion of Rs 3,000 crore, a source has said. The salaries for July and August for all employees, as well as the remaining June salaries for those who were partially paid, were deposited into their accounts on Wednesday evening, according to the source. A SpiceJet spokesperson confirmed the disbursement of employees' pending salaries. "Pending salaries of employees were disbursed on Wednesday evening," the spokesperson said on Thursday without divulging further details. SpiceJet had been delaying salaries to its staff for the last couple of months due to a liquidity crunch. The airline hasn't paid the provident fund for two and a half years while TDS, which is deducted from employees' salaries every month, has also not been deposited with the government. On September 23, the airline announced raising Rs 3,000 crore through QIP and an additional Rs 736 crore from the prev

Spicejet Ltd. has an average target of 62.00 from 1 broker.

Spicejet Ltd.

25 Sep 2024

45.26

0.38%

SpiceJet Aims To Add 75 Jets In Next Two Years, Some Secondhand

NDTV Profit

The carrier also plans to become debt free by using the proceeds to make outstanding statutory payments and pay employee dues, as well as settle with lessors, Singh said.

Promoters pledged 1.88% of shares in last quarter. Total pledge stands at 42.18% of promoter holdings

SpiceJet eyes fleet and market expansion amid low oil prices

Economic Times | 25 Sep 2024

Spicejet Ltd.

25 Sep 2024

45.26

0.38%

SAST

SPICEJET LTD. - 500285 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

BSE India

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SASOF III (E) Aviation Ireland Designated Activity Company & Others

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