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.
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The acquisition also seems to be reasonably priced. So, it will only add value to the company because the acquiree SML ISUZU has a good