Rakesh Jhunjhunwala Invests In SpiceJet

Rakesh Jhunjhunwala has invested around R7.69 Cr in SpiceJet through its arm Rare Enterprises. The company acquired around 0.52% stake in the company by buying 25 lakhs shares at R30.77 per share through open market transaction.
The investment came after SpiceJet posted a net profit of R56 Cr for the recent quarter after five consecutive quarterly losses.
31/07/12 Sushil Surana/DealCurry

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Categories: spicejet Aug 2012