Aviation News International – Shares of SpiceJet surged over 5% to the day’s high of Rs 65.60 on the NSE on Wednesday after reports that Carlyle Aviation Partners has expressed interest in SpiceJet.
Apart from this, the company is slated to hold its annual general meeting (AGM) later today to consider the adoption of its audited financial statements along with the issue and allotment of equity shares on a preferential basis.
The news generated strong investor interest as trading volumes jumped by 1.11 times on the NSE.
Earlier, in mid-2023, the airline had sought shareholder approval to issue a 5.91% stake in the low-cost airline to Carlyle Aviation Partners–the aircraft financing unit of global private equity giant Carlyle Group.
In December, the cash-strapped airline had got a lifeline in the form of investment from a clutch of funds and high net-worth individuals. The Rs 2,254-crore investment was done through the issue of up to 130 million convertible warrants and 320.8 million fresh equity shares.
