SpiceJet announced plans to raise fresh capital through a Qualified Institutional Placement (QIP), subject to regulatory and shareholder approvals. The move aims to issue eligible securities to qualified institutional buyers as per SEBI regulations. Post the announcement, SpiceJet’s shares surged approximately 4% to Rs 58.
GTPL Hathway Q1 net profit drops 27% to 10.5 crore
GTPL Hathway reported a 27% decline in net profit, reaching Rs 10.5 crore for the quarter ended June, while revenue increased by 7% to Rs