MoneyWorks4Me

SpiceJet raises Rs 126.50 crore through preferential basis

01 Jan 2013 Evaluate

SpiceJet, India's second-biggest budget carrier by market share has raised funds to the tune of Rs 126.50 crore by allotment of 12.65 million compulsory convertible debentures (CCDs) of Rs 100 each to Mr. Kalanithi Maran, promoter of the company on preferential basis.

Recently, the company had received its shareholders nod to raise funds through issue of debentures and warrants, on preferential basis, to its promoter Kalanithi Maran.

Peers
Company Name CMP
Interglobe Aviation 4796.00
SpiceJet 8.70
TAAL Tech 960.15
Taneja Aerospace 326.05
Global Vectra Helico 121.70
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