BNP Paribas picks up 5.43 pc stake in Spicejet

Low-cost carrier Spicejet on Monday said it has allotted 1.30 crore equity shares to BNP Paribas Arbitrage Fund out of the proposed preferential issue of 7.20 crore equity shares for over Rs 68 crore.

BNP Paribas Arbitrage Fund acquired about 1.30 crore shares, representing 5.43 per cent stake in the airline company through the preferential allotment, Spicejet informed the BSE.

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