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SpiceJet to file overdue results after BSE warns

Negative-605 sources

GreyOak summary

SpiceJet announced it will file overdue financial results by December 7 to avoid a trading suspension threatened by the Bombay Stock Exchange. The airline faces a cash crunch, having slashed flights and delayed salaries, with its market share dropping to 0.6%. Its board plans to meet on November 18 to consider raising fresh capital.

What it affects

  • SPICEJETNegative -60

    Filing overdue results to avoid trading suspension.Rolling sentiment Negative -52

  • BSENegative -60

    Warned of trading suspension if results not filed.Rolling sentiment Neutral -4

Source

Read the original at Business Standard

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