Kamlesh Auto buys 35 lakh SpiceJet shares worth Rs 6 cr

New Delhi: In beleaguered SpiceJet hitherto unknown Kamlesh Auto Pvt Ltd has purchased shares worth over Rs 6.3 crore through a bulk deal. [caption id=“attachment_2018185” align=“alignleft” width=“380”] In financial crisis. AFP[/caption] Kamlesh Auto acquired 35 lakh shares at a price of Rs 18.23 apiece. At that price, total value of the transaction is worth over Rs 6.3 crore, according to a filing by the carrier to the BSE. Shares of SpiceJet were trading at Rs 18.30 on the BSE at 11:10 IST. The bulk deal comes at a time when the crisis-hit airline is expected to receive the first round of funding as part of an estimated $200 million investment plan. SpiceJet had presented a revival plan to the Civil Aviation Ministry in late December but was asked to submit a revised plan with more details. The carrier’s founding promoter Ajay Singh has also come to the rescue, with Singh and a US-based investment fund planning to invest in the airline. PTI