te SpiceJet to launch Lakshadweep, Ayodhya flights soon; shares fly | Zee Business

SpiceJet to launch Lakshadweep, Ayodhya flights soon; shares fly

SpiceJet share price BSE: SpiceJet shares rose on Thursday after the company said it plans to start flights connecting Lakshadweep as it has exclusive rights for the archipelago Union Territory as part of the government’s regional connectivity drive.

SpiceJet to launch Lakshadweep, Ayodhya flights soon; shares fly
SpiceJet share price BSE: SpiceJet shares rose on Thursday. Image: Reuters

SpiceJet share price BSE: SpiceJet shares rose on Thursday after the company said it plans to start flights connecting Lakshadweep as it has exclusive rights for the archipelago Union Territory as part of the government’s regional connectivity drive.The airline also said it plans to connect Ayodhya with different cities soon. The stock of SpiceJet gained as much as 2.9 per cent to Rs 67.4 apiece on BSE, taking its surge to more than 10 per cent in three days and coming within Rs 2 of a 52-week high touched last month. The counter settled at Rs 66.57, down 1.73 per cent on BSE.

At its 39th Annual General Meeting (AGM), held on Wednesday, the airline said it will launch direct flights connecting Agatti Island,  Lakshadweep. Currently, travelers access Lakshadweepvia Kochi in Kerala.  

At the AGM, SpiceJet shareholders approved a proposal to raise Rs 2,250 crore. The proposal was cleared by the board in December.  

TRENDING NOW

SpiceJet CEO Ajay Singh, addressing the shareholders at the AGM, said that the financial infusion will help the airline become stronger and more resilient, and expand its market potential and chances. The new money infusion will also aid in the return of its grounded aircraft, he said. Read more

Here are a few other key pointers from the AGM: 

-Issuance and allotment of 31,83,00,000 equity shares of Rs 10 each at an issue price of Rs 50 apiece on preferential basis 

-Issue and allotment of 13,00,00,000 warrants with an option to apply for and be allotted equivalent number of equity shares of Rs 10 each at an issue price of Rs 50 per share on preferential basis 

Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com. 

Written By: ZeeBiz WebTeam
Updated: Thu, Jan 11, 2024
03:46 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
SpiceJet shares surge as company plans upgradation of fleet SpiceJet shares surge as company plans upgradation of fleet
SpiceJet allots Rs 744-crore shares, warrants on preferential basis SpiceJet allots Rs 744-crore shares, warrants on preferential basis
Ayodhya Airport notified as an international airport, to get direct SpiceJet flights from Delhi, Ahmedabad, Jaipur, Patna, and Darbhanga from Feb 1 Ayodhya Airport notified as an international airport, to get direct SpiceJet flights from Delhi, Ahmedabad, Jaipur, Patna, and Darbhanga from Feb 1
SpiceJet passenger gets stuck in lavatory mid-air for one hour; airline to provide ticket refund SpiceJet passenger gets stuck in lavatory mid-air for one hour; airline to provide ticket refund
Air India, IndiGo worst hit in terms of on-time flight performance as fog blocks visibility Air India, IndiGo worst hit in terms of on-time flight performance as fog blocks visibility

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x