SpiceJet allots warrants worth Rs 133.2 crore to promoters Kalanithi Maran, Kal Airways

Mar 13 2014, 21:03 IST
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Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 58.46 per cent. Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 58.46 per cent.
SummaryThis development comes a day after Spicejet announced a $4.4-bn deal with Boeing.

SpiceJet Ltd on Thursday said that it has allotted warrants worth Rs 133.2 crore to its promoters - Kalanithi Maran and Kal Airways Pvt Ltd.

“SpiceJet Ltd has informed BSE that the company has on March 12, 2014. allotted 64,169,000 (Sixty Four Million One Hundred and Sixty Nine Thousand) Warrants, having option to apply for and be allotted equivalent number of equity shares of the face value of Rs. 10 each at a premium of Rs. 10.76 to Promoters of the Company on preferential basis,” the company said in a BSE release.

This development comes a day after the airline announced a $4.4-billion deal with Boeing to buy 42 Boeing 737 planes.

SpiceJet raises Rs 133 cr from promoters, Kalanithi Maran ups stake

(PTI) Budget carrier SpiceJet has raised Rs 133.21 crore through issue of warrants to the promoters of the company.

"The company has on March 12, 2014 allotted 64,169,000 warrants, having option to apply for and be allotted equivalent number of equity shares of the face value of Rs 10 each at a premium of Rs 10.76 to promoters of the company on preferential basis," SpiceJet said in a BSE filing.

It further said, 45,000,000 warrants have been allotted to Kal Airways Private Limited and 19,169,000 warrants allotted to Kalanithi Maran.

According to a separate stock exchange filing by the company, Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 58.46 per cent.

As on December quarter, both the promoters held 53.48 per cent stake in the airline.

SpiceJet operates over 300 daily flights.

Shares of the airline ended at Rs 14.47, down 0.96 per cent at the BSE.

SpiceJet yesterday placed an order for 42 737 MAX jets with the US aircraft maker Boeing for USD 4.4 billion (Rs 26,000 crore).

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