Spicejet takes off on investment by PE firm
DALAL STREET SPIKES
The deal will not trigger an open offer and the promoters are not looking to sell any stake. The scrip opened at Rs 30.10 and made an intraday high/low of Rs 32.45/28.30.
The counter saw volumes of 86,63,453 shares, about three times its two week average. The stock hit a 52-week high of Rs 104.80 on Jan 8 and a 52-week low of Rs 20.50 on July 2 this year.