SpiceJet Bidding to Acquire GoFirst

SpiceJet surges 8% to a 52-week high, confirming its bid to acquire GoFirst, aiming for a robust airline merger.  Read More>>

Source: Moneycontrol

Creating Airline Powerhouse

SpiceJet envisions a potent airline combining forces with GoFirst for enhanced market presence and competitiveness.

Source: Moneycontrol

Board's Capital Boost

SpiceJet's board greenlights raising $270 million in fresh capital to fortify financial standing and fuel growth plans.

Source: Moneycontrol

Strategic Growth Move

The bid and capital infusion align with SpiceJet's strategic vision to strengthen its position in the competitive aviation sector.

Source: Moneycontrol

Market Response

Investors responded positively, driving SpiceJet's shares 6.2% higher to Rs 68.19, reflecting confidence in the airline's strategic moves.

Source: Moneycontrol