Monday 23 March 2015

Spicejet signs agreement with Wilmington Trust...stock spurts 6%

Under the said Settlement Agreement, the lessor has agreed to withdrawal of court proceedings and deregistration process of aircraft subject to SpiceJet satisfying the terms of settlement. 

Spicejet Ltd has announced that the Company has on March 23, 2015 entered into Settlement Agreement with its lessor (Wilmington Trust SP Services (Dublin) Limited) with regard to aircraft operated by the Company. 
Under the said Settlement Agreement, the lessor has agreed to withdrawal of court proceedings and deregistration process of aircraft subject to SpiceJet satisfying the terms of settlement.

The stock gained 6% at Rs 22. The stock has hit a high of Rs 23 and a low of Rs 21.

Total traded quantity on the counter stood at over 22.09 lk shares.

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