Rakesh Jhunjhunwala acquires 25 lakh shares of SpiceJet

04 May 2013

Investor and trader Rakesh Jhunjhunwala and his wife Rekha has acquired 25 lakh shares of budget carrier SpiceJet for an estimated nearly Rs 10 crore. Jhunjhunwala has purchased the same on an average price of Rs 38.94 apiece, valuing the transaction at Rs 9.73 crore.

In July last year, Jhunjhunwala’s Rare Enterprises had acquired 25 lakh shares of SpiceJet for Rs 7.69 crore.

In April this year, SpiceJet’s promoter Kalanithi Maran had increased his stake in the no-frills airline from 16.27% to 22.05% on account of allotment of equity shares following conversion of convertible debentures.

Related Spicejet Ltd. Links:

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