Ace investor Rakesh Jhunjhunwala's Rare Enterprises has bought 75 lakh shares or 1.40 per cent stake in SpiceJet Ltd for Rs.13.41 crore through the open market route on Friday.
The move comes amid reports that the Kalanithi Maran-owned airline is in talks with investors to raise fresh capital.
According to bulk deal data on the BSE, Rare Enterprises bought the shares at Rs.17.88 a share. The information on the sellers was not known. Rare has been constantly accumulating SpiceJet shares. It had earlier bought 25 lakh shares each in 2012 and 2013.
SpiceJet shares rose 18.36 per cent to close at Rs.18.24 on the Bombay Stock Exchange, in a strong broader market.
