Shares of SpiceJet hit a fresh 52-week high at Rs 69.20, as they rallied 8 per cent on the BSE in Tuesday’s intra-day trade after the airline showed interest in acquiring bankrupt carrier Go First. In the past two trading sessions, the stock of the airline has zoomed 29 per cent. In the past one month, it has skyrocketed 82 per cent, as compared to 8.3 per cent rise in the S&P BSE.
In an exchange filing SpiceJet today said that it has expressed interest with the Resolution Professional of Go First and wish to submit an offer post diligence, with a view of creating a strong and viable airline in a possible combination with SpiceJet.
