SpiceJet shares fall 4% after SC directs payment of Rs 270 crore to ex-promoter Kalanithi Maran
Shares of SpiceJet on Tuesday fell by 4 per cent on Tuesday after the apex court directed the airline to encash bank guarantee and pay Rs 270 crore to its former promoter Kalanithi Maran.
The scrip of the company declined 3.99 per cent to Rs 33.65 apiece on the NSE.
The stock witnessed a similar movement on the BSE, where it slumped by 3.85 per cent to Rs 33.70 per share.
Meanwhile, the 30-share BSE Sensex was trading 512.65 points or 0.85 per cent higher at 60,944.49 points.
