<p>New Delhi: Shares of SpiceJet surged more than 11 per cent on Friday after the airline said its chief Ajay Singh, along with Busy Bee Airways, has submitted a bid for bankrupt budget airline Go First.</p><p>The stock of no-frills carrier zoomed 11.28 per cent to close at Rs 70.81 apiece on the BSE. During the day, shares of the company hit an intra-day high of Rs 71.9, up 13 per cent.</p><p>In terms of volume, nearly 2.48 crore equity shares were traded on the BSE.</p>.SpiceJet's Ajay Singh along with Busy Bee Airways bid for bankrupt Go First.<p>At the close of the trading session, the company market valuation rose to Rs 4,845.80 crore.</p><p>In a release on Friday, SpiceJet said its Chairman and Managing Director Ajay Singh and Busy Bee Airways submitted a joint bid for bankrupt Go First.</p><p>SpiceJet is looking to strengthen its operations with more slots and international flying rights of Go First, the filing said.</p><p>The announcement comes at a time when crisis-hit SpiceJet is raising funds and rationalising costs, including by laying off more than 1,000 employees.</p><p>Go First stopped flying on May 3, 2023. Its plea for voluntary insolvency resolution proceedings was admitted by the National Company Law Tribunal (NCLT) on May 10 last year.</p>
<p>New Delhi: Shares of SpiceJet surged more than 11 per cent on Friday after the airline said its chief Ajay Singh, along with Busy Bee Airways, has submitted a bid for bankrupt budget airline Go First.</p><p>The stock of no-frills carrier zoomed 11.28 per cent to close at Rs 70.81 apiece on the BSE. During the day, shares of the company hit an intra-day high of Rs 71.9, up 13 per cent.</p><p>In terms of volume, nearly 2.48 crore equity shares were traded on the BSE.</p>.SpiceJet's Ajay Singh along with Busy Bee Airways bid for bankrupt Go First.<p>At the close of the trading session, the company market valuation rose to Rs 4,845.80 crore.</p><p>In a release on Friday, SpiceJet said its Chairman and Managing Director Ajay Singh and Busy Bee Airways submitted a joint bid for bankrupt Go First.</p><p>SpiceJet is looking to strengthen its operations with more slots and international flying rights of Go First, the filing said.</p><p>The announcement comes at a time when crisis-hit SpiceJet is raising funds and rationalising costs, including by laying off more than 1,000 employees.</p><p>Go First stopped flying on May 3, 2023. Its plea for voluntary insolvency resolution proceedings was admitted by the National Company Law Tribunal (NCLT) on May 10 last year.</p>