SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SpiceJet’s promoters to infuse fresh funds

22 Aug 2014 Evaluate

Budget carrier SpiceJet’s promoters will make a fresh infusion in the cash-strapped airline. The airline’s board decided to issue warrants to the promoters on a preferential basis. The warrants are convertible into equity shares. Kalanithi Maran, owner of Sun Group, controls 53.5 per cent stake in the airline.

The airline will issue and allot up to 189.1 million warrants convertible into equivalent number of equity shares, in various tranches, to the promoters of the company, at a price to be determined according to Securities and Exchange Board of India (SEBI) regulations.

SpiceJet is India’s most preferred airline who delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations.

SpiceJet Share Price

13.88 -0.26 (-1.84%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4638.75
SpiceJet 13.88
Raymond 422.05
Global Vectra Helico 203.85
Taneja Aerospace 281.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×