1. General
  2. Others

  3. Others

Kalanithi Maran hikes stake to 22.05%: Spicejet

India Infoline News Service | Mumbai | April 23, 2013 08:38 IST

Spicejet Ltd has announced that the Company on April 18, 2013 has allotted 35,931,453 equity shares of Rs. 10 each, to Kalanithi Maran

Spicejet Ltd has announced that the Company on April 18, 2013 has allotted 35,931,453 equity shares of Rs. 10 each, to Kalanithi Maran, Promoter of the Company, pursuant to conversion of 13 million 14% Unsecured Compulsorily Convertible Debentures of the face value of Rs. 100 each, at a conversion price of Rs. 36.18 per equity share, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Maran's stake has risen from 16.27% to 22.05%, SpiceJet said

Read more on: Spicejet 
article
113110804009
Kalanithi Maran hikes stake to 22.05%: Spicejet
Kalanithi Maran hikes stake to 22.05%: Spicejet
Spicejet Ltd has announced that the Company on April 18, 2013 has allotted 35,931,453 equity shares of Rs. 10 each, to Kalanithi Maran
http://www.indiainfoline.com/article/news-top-story/kalanithi-maran-hikes-stake-to-22-05-spicejet-113110804009_1.html
April 23, 2013 08:38 IST
http://content.indiainfoline.com/_media/iifl/img/article/default/glo_news.jpg
Spicejet
Others
$rawVideoFileUrl$
$videoPlayerUrl$

 
 
Reports

Another day, another high

India Infoline News Service / 09:04, Jan 22, 2015

The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.

News