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SpiceJet shares climb 4%
image for illustrative purpose
New Delhi: Shares of SpiceJet on Tuesday jumped four per cent after the company said it has signed a pact with Export Development Canada (EDC) to settle liabilities worth USD 90.8 million (around Rs 755 crore).
The stock climbed 3.93 per cent to settle at Rs61.06 apiece on the BSE. During the day, it jumped 7.23 per cent to Rs63. In terms of volume, 93.12 lakh shares of the company were traded on the BSE during the day. The liabilities stem from a loan acquired by the airline in 2011 for the procurement of 15 aircraft.
