India’s most preferred budget airline, Spicejet, has allotted 4.29 crore shares to promoter Kalanithi Maran taking his shareholding in the company to 13 percent. The shares were allotted at a price of Rs 23.18 per share aggregating to Rs 99.44 crore. With this, the overall promoter holding of the company has now increased to 48.6 percent.
Spicejet currently operates 153 flights daily to 20 Indian cities with a fleet of 22 Boeing 737-800-737-900ER aircraft. It had also placed an order for 30 Bombardier Q400 turboprop planes to launch services to smaller destinations in the country.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4638.75 |
| SpiceJet | 13.88 |
| Raymond | 422.05 |
| Global Vectra Helico | 203.85 |
| Taneja Aerospace | 281.55 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: