Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

SpiceJet Shares Fall 3% Amid Reports of Company Facing Liquidity Crunch

SpiceJet has reported widening of loss to Rs 462.6 crore in the three months ended September, mainly hit by expenses related to grounding of Boeing 737 MAX planes and changes in accounting norms.

PTI

Updated:November 25, 2019, 1:30 PM IST
facebookTwitter Pocket whatsapp
SpiceJet Shares Fall 3% Amid Reports of Company Facing Liquidity Crunch
Image for representation. (Reuters)

New Delhi: Spicejet shares fell up to 3 per cent on Monday amid reports that company faces liquidity crunch and is planning to raise Rs 750 crore through qualified institutional placement (QIP). The scrip of the low cost carrier declined 2.92 per cent to Rs 106.30 on the BSE.

According to media reports, SpiceJet is facing liquidity crunch and planning to raise Rs 750 crore via QIP.

However, in a clarification to the BSE, SpiceJet said, "In this regard, we wish to clarify that the company does not have any plan to come with any qualified institutional placement (QIP) at this time". QIP is a fund-raising mechanism for listed companies.

SpiceJet has reported widening of loss to Rs 462.6 crore in the three months ended September, mainly hit by expenses related to grounding of Boeing 737 MAX planes and changes in accounting norms. The carrier has a fleet of 118 planes and on an average operates 630 flights daily.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Yes Bank 56.00 -9.82
SBI 320.00 -4.82
ICICI Bank 524.80 -0.62
Indiabulls Hsg 272.45 -4.44
Reliance 1,554.90 0.26
Company Price Change %Gain
Yes Bank 56.00 -9.82
Indiabulls Hsg 272.40 -4.39
SBI 319.80 -4.89
Reliance 1,554.95 0.30
RBL Bank 338.80 -7.28
Top Gainers
Company Price Change %Gain
Bharti Infratel 259.70 5.55
Kotak Mahindra 1,674.30 1.52
JSW Steel 254.10 1.05
Tata Steel 403.25 0.86
Dr Reddys Labs 2,890.80 0.67
Company Price Change %Gain
Kotak Mahindra 1,674.30 1.48
Tata Steel 402.95 0.83
Reliance 1,554.95 0.30
Asian Paints 1,717.80 0.17
Infosys 715.15 0.07
Top Losers
Company Price Change %Gain
Yes Bank 56.00 -9.82
SBI 320.00 -4.82
Zee Entertain 287.70 -4.12
GAIL 117.15 -3.34
IndusInd Bank 1,465.85 -2.91
Company Price Change %Gain
Yes Bank 56.00 -9.82
SBI 319.80 -4.89
IndusInd Bank 1,463.75 -3.05
Tata Motors 161.50 -2.77
M&M 510.30 -2.73

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results