SpiceJet’s original promoter - Ajay Singh has finally became the owner of the company pursuant to the share sale and purchase agreement dated January 29, 2015 entered between the company, Kalanithi Maran, Kal Airways and Ajay Singh.
The entire shareholding of Kalanithi Maran and Kal Airways (the existing Promoters) aggregating to 350,428,758 equity shares or 58.46% stake of the cash-strapped carrier has been transferred to Ajay Singh on February 23, 2015.
Consequently, Ajay Singh has become the promoter of the company and Kalanithi Maran and Kal Airways have ceased to be promoters of the company.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4653.10 |
| SpiceJet | 13.71 |
| Raymond | 424.30 |
| Global Vectra Helico | 199.85 |
| Taneja Aerospace | 279.20 |
| View more.. | |
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