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Spicejet allots 1.5 crore equity shares to promoter

02 Dec 2013 Evaluate

Spicejet has alloted 1.5 crore equity shares, after an equal number of warrants were converted to its promoter Kalanithi Maran at a price of Rs 36.18 per share. These warrants were exercisable for conversion into equity shares within 18 months from the date of allotment.

The amount paid for this purpose aggregated to Rs 54.27 crore, while the proceeds from the current infusion would be utilised towards working capital requirements of the company in accordance with the terms of the issue.

Post allotment, the holding of the promoters has increased to 53.48% in the company. Of total, which Kalanithi Maran individually holds 24.24%, while the balance 29.24% is held by KAL Airways.

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
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