Previous close | 61.95 |
Open | 62.15 |
Bid | 62.03 x 0 |
Ask | 62.25 x 0 |
Day's range | 61.66 - 62.75 |
52-week range | 30.80 - 107.95 |
Volume | |
Avg. volume | 927,578 |
Market cap | 37.193B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
BENGALURU (Reuters) -Indian budget carrier SpiceJet said on Friday its managing director, Ajay Singh, and Busy Bee Airways had submitted a joint bid for Go First airlines and that it would be the operating partner for its bankrupt rival. SpiceJet, which is cutting costs and raising funds to tide over its own financial troubles, did not disclose any financial details for Singh's bid that the airline's largest shareholder made in his personal capacity. SpiceJet shares closed 11.3% higher on Friday.
SpiceJet's bid to acquire GoFirst signals a strategic move to strengthen its market position. However, the carrier's own operational and financial hurdles may pose integration challenges.
BENGALURU (Reuters) -India's SpiceJet is considering an offer for bankrupt carrier Go First, the cash-strapped airline said on Tuesday, days after it barely raised enough funds to get its grounded planes back in the sky. SpiceJet said it would make the offer - the details of which were not disclosed - after conducting due diligence on Go First's resolution professional, the official involved in conducting the airline's insolvency process. The news comes weeks after Go First's lenders began contemplating the airline's liquidation as they failed to get any bids before the deadline of Nov. 21.