Sensex 29685.61 114.57 0.39%
Nifty 8951.75 41.25 0.46%
Media tycoon Kalanithi Maran, the principal promoter is planning to increase his stake by five per cent stake in Spicejet to infuse Rs 1.84bn in the airline, according to reports.
Reports stated that this would be the third fund infusion in the airline by Maran since September 2011.
There were reports that Maran and his wife Kavery Kalanithi had resigned from one of the promoter entities of SpiceJet.
The company has denied a stake sale and was talking to some private equity players.
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.