SpiceJet will sell its stake, talks continue with many investors, stock jumps after news

After the arrival of the news, there has been a sharp rise in the stock of Spiget. The stock was trading with a gain of more than 5 percent in early trade

SpiceJet’s share sale plan

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Facing pressure amid security-related issues SpiceJet Is engaged in trying to improve its position further. The company is currently working on a plan for part sale. The airlines today informed that at present talks are on with many investors and these information will be disclosed in time. The company is currently operating with the restrictions imposed by DGCA but in the meantime is also improving the balance sheet. SpiceJet has cleared all the principal dues of AAI just yesterday. The airline is incurring losses continuously. To deal with this, the airline has planned to raise money through share sale. According to media reports, the airline is in talks with one of the Middle East airlines as well as domestic companies.