The Supreme Court recently directed SpiceJet to pay $1 million per month to global investment bank, Credit Suisse for 6 months, towards clearing long-pending dues from the airline company.
SpiceJet on September 15 said it has fulfilled its obligation by transferring $1.5 million to Credit Suisse in accordance with the directive issued by the Supreme Court.
SpiceJet's stock jumped 4.22 per cent in the intraday session to touch Rs 40 on BSE. At the time of writing, the shares were trading 2.24 per cent higher at Rs 39.24.
SpiceJet share price: The stock today jumped 4.22 per cent to hit a day high of Rs 40 over its previous close of Rs 38.38. The budget carrier, in an exchange filing said, it has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse. The payment was executed on September 14, it added.