SpiceJet shares hit new 52-week high after company expresses interest in acquiring Go First
SpiceJet shares surge by 7.77% to reach a new 52-week high of ₹69.20 apiece, following a 20% surge in the previous trading session.
Source: livemint.com
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Reverse merger with Go First can end all SpiceJet woes
If the EoI is accepted, SpiceJet will get access to the data room of Go First, which could help the Ajay Singh-led airline to benchmark its own current situation and what its future would be like.
Source: moneycontrol.com
India's SpiceJet Confirms Bid to Acquire Bankrupt Carrier GoFirst
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.
Source: yahoo.com
Sky One, SpiceJet express interest in acquiring troubled airline Go First amid liquidation concerns
Sky One, an aviation company headquartered in Sharjah, and SpiceJet have shown interest in acquiring the financially troubled airline Go First.This unexpected development comes weeks after a proposal deadline had passed and while lenders were ...
Source: prokerala.com
SpiceJet interested in acquiring grounded Go First, plans to bid after due diligence
In a regulatory filing, SpiceJet confirmed that it has expressed interest in acquiring Go First, which is currently undergoing the corporate insolvency resolution process (CIRP) after it decided to voluntarily file for insolvency in early May.
Source: indianexpress.com