Dec 27, 2012 02:39 PM IST | Source: Moneycontrol.com

SpiceJet gains 2% on approval to raise Rs 145 cr

Low cost airline company SpiceJet jumped 2 percent on Thursday as the company has received shareholders' nod to raise Rs 145 crore through issue of debentures to Kalinithi Maran.

SpiceJet gains 2% on approval to raise Rs 145 cr

Low cost airline company SpiceJet jumped 2 percent on Thursday as the company has received shareholders' nod to raise Rs 145 crore through issue of debentures to Kalinithi Maran.

Yesterday the shareholders of the company have approved to issue & allot 14 percent unsecured compulsorily convertible debentures, and warrants with an option to apply for equity shares to promoter Kalanithi Maran on preferential basis.

Kalanithi Maran holds 16.27 percent stake and Kal Airways Pvt Ltd 32.32 percent in the company as of June 2012.
 
At 14:26 hours IST, the stock gained 1.03 percent to Rs 43.95 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 2,128.72 crore.

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