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SpiceJet raises Rs 133 cr from promoters

Last Updated: Thursday, March 13, 2014 - 21:49

Mumbai: Budget carrier SpiceJet has raised Rs 133.21 crore through issue of warrants to the promoters of the company.

"The company has on March 12, 2014 allotted 64,169,000 warrants, having option to apply for and be allotted equivalent number of equity shares of the face value of Rs 10 each at a premium of Rs 10.76 to promoters of the company on preferential basis," SpiceJet said in a BSE filing.

It further said, 45,000,000 warrants have been allotted to Kal Airways Private Limited and 19,169,000 warrants allotted to Kalanithi Maran.

According to a separate stock exchange filing by the company, Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 58.46 percent.

As on December quarter, both the promoters held 53.48 percent stake in the airline.

SpiceJet operates over 300 daily flights.

Shares of the airline ended at Rs 14.47, down 0.96 percent at the BSE.

SpiceJet yesterday placed an order for 42 737 MAX jets with the US aircraft maker Boeing for USD 4.4 billion (Rs 26,000 crore).

First Published: Thursday, March 13, 2014 - 21:49
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