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  1. Kamlesh Auto buys over Rs 6 crore-worth SpiceJet shares

Kamlesh Auto buys over Rs 6 crore-worth SpiceJet shares

In beleaguered SpiceJet hitherto unknown Kamlesh Auto Pvt Ltd has purchased shares worth over...

By: | New Delhi | Published: January 13, 2015 9:03 AM
SpiceJet, SpiceJet shares, SpiceJet Kamlesh Auto, SpiceJet news, Kamlesh Auto, Kamlesh Auto SpiceJet, Kamlesh Auto news

Shares of SpiceJet rose marginally to settle at Rs 18.40 on the BSE

In beleaguered SpiceJet hitherto unknown Kamlesh Auto Pvt Ltd has purchased shares worth over Rs 6.3 crore through a bulk deal.

Kamlesh Auto acquired 35 lakh shares at a price of Rs 18.23 apiece. At that price, total value of the transaction is worth over Rs 6.3 crore, according to a filing by the carrier to the BSE.

Shares of SpiceJet rose marginally to settle at Rs 18.40 on the BSE on Monday.

The bulk deal comes at a time when the crisis-hit airline is expected to receive the first round of funding as part of an estimated USD 200 million investment plan.

SpiceJet had presented a revival plan to the Civil Aviation Ministry in late December but was asked to submit a revised plan with more details.

The carrier’s founding promoter Ajay Singh has also come to the rescue, with Singh and a US-based investment fund planning to invest in the airline.

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Tags: SpiceJet

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