MoneyWorks4Me

SpiceJet plans pref issue of Rs 3.6 cr shares to Maran

29 Aug 2011 Evaluate

The company has been mulling over various routes of fundraising in the backdrop of plans to introduce new routes and buy more aircraft. The company has got approval from the Reserve Bank of India for a funding of $270 million from the Export Credit of Canada for the import of 15 Bombardier Q400s aircraft. The company increased its domestic market share to 14% from 13%. Maran has pledged over 86% shares in the company. SpiceJet has been under pressure after the Maran brothers were linked to the 2G scam.crackcrack

Peers
Company Name CMP
Interglobe Aviation 4942.00
SpiceJet 9.47
TAAL Tech 5723.90
Taneja Aerospace 319.80
Global Vectra Helico 133.50
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