New Delhi: SpiceJet’s share price surged over 5 per cent in early trading on Monday, driven by the airline’s announcement of a debt restructuring agreement and settlement with Carlyle Aviation. The company made the announcement after market hours on Friday.
The stock opened at Rs 63.65 on the BSE, 3.56 per cent higher than its previous close of Rs 61.46. During the day, the share price climbed further, reaching an intraday high of Rs 64.86, marking a gain of more than 5 per cent.
Over the past year, SpiceJet's shares have gained nearly 60 per cent, supported by various restructuring efforts aimed at strengthening the company's financial position.
On Friday, SpiceJet confirmed that it had reached a debt restructuring and settlement agreement with Carlyle Aviation, a key step in its ongoing efforts to manage its financial challenges.
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