Stocks

Reliance Capital hikes stake in SpiceJet

Our Bureau Mumbai | Updated on February 23, 2011 Published on February 23, 2011

Relcap.eps

Reliance Capital has increased its stake in SpiceJet to 5.1 per cent by acquiring 29.84 lakh shares through open market transactions.

Reliance Capital purchased these shares for a total of Rs 14 crore, according to a notice to the exchanges. Reliance Capital acquired these shares on February 7.

Before the acquisition, Reliance Capital had 4.45 per cent stake in SpiceJet.

The shares of SpiceJet dropped 2 per cent to Rs 41.55 on the BSE on Wednesday.

The promoter group Kal Airways (of Mr Kalanidhi Maran) holds 38.61 per cent stake in the company.

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Published on February 23, 2011
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