SpiceJet shares fall 3 per cent
SpiceJet shares fell up to 3 per cent on Monday amid reports that company faces liquidity crunch and is planning to raise Rs 750 crore through qualified institutional placement (QIP).
The scrip of the low cost carrier declined 2.92 per cent to Rs 106.30 on the Bombay Stock Exchange (BSE).
According to media reports, SpiceJet is facing liquidity crunch and planning to raise Rs 750 crore via QIP.
However, in a clarification to the BSE, SpiceJet said, “In this regard, we wish to clarify that the company does not have any plan to come with any qualified institutional placement (QIP) at this time“.
