SpiceJet shares jump 7.50% on company getting Rs 500 crore from promoter Ajay Singh

Shares of SpiceJet on Thursday jumped 7.50 per cent after the company said its promoter and Chairman Ajay Singh will infuse Rs 500 crore into the airline, which will help boost its financial position as well as tap additional funds from a government scheme.

The stock climbed 7.50 per cent to Rs 33.50 on the BSE after a firm beginning.

In volume terms, 44.71 lakh shares of the company were traded at the BSE during the morning trade.

The budget carrier, which is facing multiple headwinds, including disputes with aircraft lessors, has been looking to raise funds.