Shares of SpiceJet soared almost 10 per cent on Friday on hopes that the company may get the first round of its much-needed fund infusion by January 10.
SpiceJet’s scrip zoomed 9.91 per cent to Rs 18.30 -- its highest trading permissible limit for the day on the BSE. On the volume front, 35.98 lakh shares of the company changed hands at the BSE. Crisis-hit SpiceJet may get the first round of its much-needed fund infusion in the next two days, while more may come in a month’s time as part of an estimated USD 200 million investment plan, sources said yesterday. As per a capital infusion plan received by the Civil Aviation Ministry, the initial funds from an overall corpus of about USD 200 million may come in by January 10, sources had said.