Dec 27, 2012, 02.39 PM | Source: Moneycontrol.com
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.
In one of the biggest deals in the Indian aviation
With fuel burn at 20 percent less than the existin
The stock has seen a steady recovery ever since ch
After long drawn discussions, SpiceJet is all set
“Bengaluru to Delhi, experienced, during cruise,