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Increasing promoters holding powers Spicejet

SpiceJet Ltd. | Airlines | Travel & Hospitality | BSE: 500285 | NSE: SPICEJET

23 Apr 2013 Evaluate

Spicejet is currently trading at Rs 31.25, up by 0.65 points or 2.12% from its previous closing of Rs 30.60 on the BSE.

The scrip opened at Rs 30.80 and has touched a high and low of Rs 31.40 and Rs 30.65 respectively. So far 614734 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 50.90 on 07-Dec-2012 and a 52 week low of Rs 24.50 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs 31.50 and Rs 29.30 respectively. The current market cap of the company is Rs 1623.28 crore.

The promoters holding in the company stood at 48.59 % while Institutions and Non-Institutions held 16.64 % and 34.78 % respectively.

SpiceJet’s promoter Kalanithi Maran’s holding in no-frills airline has increased by nearly 6% to 22.05% due to allotment of equity shares following conversion of convertible debentures. The company has allotted 35,931,453 equity shares to Maran following conversion of 13 million Unsecured Compulsorily Convertible Debentures for an aggregate value of Rs 130 crore.

SpiceJet had allotted these equity shares of Rs 10 each on April 18 to Maran pursuant to conversion of Unsecured Compulsorily Convertible Debentures of the face value of Rs 100 each, at a conversion price of Rs 36.18 per equity share.

Maran’s stake has risen from 16.27% to 22.05%, while the overall holding of promoters in the airline also climbed to 52.14% from 48.59% at the end of March quarter.

SpiceJet, India's second-largest budget carrier by market share, currently operates more than 350 daily flights to over 50 Indian cities and 8 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..

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Increasing promoters holding powers Spicejet

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