8:52 am - Tuesday November 10, 2015

SpiceJet says in talks with investors for fresh capital

86 Viewed Gautam Comments Off on SpiceJet says in talks with investors for fresh capital
spicejet

SpiceJet is in “exploratory and preliminary stage” talks with investors about raising fresh capital, the budget airline said in a regulatory statement on Monday.

The airline said a few parties had approached it about making an investment but because the talks were at an early stage it would be improper to comment on the specifics of any possible stake sale. SpiceJet, which has lost money for five consecutive quarters, has been trying to raise new money for much of this year. The airline said in May it was in “advanced” talks for a capital infusion but no deal materialised. SpiceJet stock price On November 25, 2014, at 14:53 hrs SpiceJet was quoting at Rs 15.10, down Rs 0.58, or 3.7 percent. The 52-week high of the share was Rs 22.20 and the 52-week low was Rs 11.10. The latest book value of the company is Rs -16.49 per share. At current value, the price-to-book value of the company was -0.92.

Click here to submit your review.


Submit your review
* Required Field

Don't miss the stories followIndiaVision News and Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in
Dennis+Nally+4x6+preferred+picture+6-19-08

Policy consistency is critical for investors: PwC chairman

rp_sony.jpg

Sony warns of more restructuring in TV, smartphone units

Related posts