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Kamlesh Auto buys 35 lakh SpiceJet shares worth Rs 6 cr

In beleaguered SpiceJet hitherto unknown Kamlesh Auto Pvt Ltd has purchased shares worth over Rs 6.3 crore through a bulk deal.

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FP Archives|Jan 13, 2015, 12:38:32 IST

New Delhi: In beleaguered SpiceJet hitherto unknown Kamlesh Auto Pvt Ltd has purchased shares worth over Rs 6.3 crore through a bulk deal.[caption id="attachment_2018185" align="alignleft" width="380"]In financial crisis. AFP In financial crisis. AFP[/caption]Kamlesh Auto acquired 35 lakh shares at a price of Rs 18.23 apiece. At that price, total value of the transaction is worth over Rs 6.3 crore, according to a filing by the carrier to the BSE.Shares of SpiceJet were trading at Rs 18.30 on the BSE at 11:10 IST.The bulk deal comes at a time when the crisis-hit airline is expected to receive the first round of funding as part of an estimated $200 million investment plan.SpiceJet had presented a revival plan to the Civil Aviation Ministry in late December but was asked to submit a revised plan with more details.The carrier's founding promoter Ajay Singh has also come to the rescue, with Singh and a US-based investment fund planning to invest in the airline.PTI

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First Published:Jan 13, 2015, 12:30:23 IST
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