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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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