The competition watchdog, in its letter dated August 3, is reported to have raised the point that the combined entity will enjoy “unparalleled” bargaining power and can increase the prices of channels as well as earn higher profits.
Short-term traders can look to buy the stock now for a possible bounce back towards 500 levels in the next 2-3 months, suggest experts.
SpiceJet’s fleet has been partially grounded and the airline has been looking at ways to raise capital. At least three aircraft lessors have filed insolvency
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