Markets

Kalanithi Maran’s stake in SpiceJet rises to 53.48%

Our Bureau Mumbai | Updated on March 12, 2018 Published on December 02, 2013

Budget carrier SpiceJet Ltd on Monday allotted 1.5 crore equity shares of Rs 10 each to its promoter Kalanithi Maran following the exercise of conversion right attached to 1.5 crore warrants issued on preferential basis, at an issue price of Rs 36.18 each.

As at the end of the second quarter (September 30), Maran’s holding in the company stood at 52.14 per cent with 27.12 crore shares. Following the conversion, it has gone up to 53.48 per cent with 28.62 crore shares.

Shares of the company closed the day at Rs 17.45 on the BSE, compared with Rs 17.75 on Friday, with 26.5 lakh shares changing hands.

Published on December 02, 2013
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