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.
SpiceJet stock price
On November 27, 2015, SpiceJet closed at Rs 65.50, down Rs 3.4, or 4.93 percent. The 52-week high of the share was Rs 72.50 and the 52-week low was Rs 11.25.
The latest book value of the company is Rs -27.95 per share. At current value, the price-to-book value of the company was -2.34.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen