SpiceJet stock closes 9.07% higher on revival plan hopes

The SpiceJet stock rose on Friday on reports that the airline would present its revival plan to the goverment.

At 12:56 pm, the stock was trading 8.5 per cent higher at Rs 19.15. The stock closed 9.07 per cent higher on the BSE.

On Thursday, reports said the carrier would submit a revival plan to the government on Friday on the basis of a proposed investment of $200 million from founding promoter Ajay Singh and US-based JP Morgan Chase.