SpiceJet stock up 6% on Rs 2,000 crore-fundraising plan

SpiceJet shares rallied up to 6.5 per cent to hit a day’s high at Rs 48.50 after company Chairman & Managing Director Ajay Singh said the airline is looking to raise funds to the tune of Rs 2,000 crore.

SpiceJet board had recently passed a resolution to raise the funds for its sustainability and future expansion, reports said adding that the airline is exploring multiple options to raise funds.