SpiceJet to get Rs 1,500 cr funds; Marans to also put Rs 375 crore

SpiceJet to get Rs 1,500 cr funds; Marans to also put Rs 375 crore

The embattled airline, which received a lifeline from original promoter Singh earlier this month, would issue up to 37.5 lakh non-convertible cumulative redeemable preference shares.

Kalanithi Maran, Kal Airways sell entire SpiceJet stake to Ajay Singh

Kalanithi Maran, Kal Airways sell entire SpiceJet stake to Ajay Singh

Budget airline SpiceJet on Friday said that its promoters Kalanithi Maran and Kal Airways plan to sell their entire equity to co-founder Ajay Singh.

SpiceJet stock up 15% on stake sale reports

Shares of SpiceJet soared nearly 15 percent today amid reports of stake sale by the Sun group which owns the airline.

SpiceJet raises Rs 133 cr from promoters

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

Spicejet seeks shareholders' nod to hike promoters holding

Budget carrier Spicejet has sought shareholders' approval to increase the promoters stake in the company by almost 5 percent.

Kalanithi Maran, Kal Airways hike SpiceJet stake to 53.48%

The promoters of SpiceJet have increased their stake in the low-cost carrier to 53.48 percent by acquiring 2.8 percent equity on conversion of warrants worth over Rs 54 crore.

Over 97.46 lakh pledged shares of SpiceJet released

Kal Airways held 15.65 crore or 32.32 percent stake in SpiceJet as of December quarter.

SpiceJet raises Rs 54.27 cr from Kalanithi Maran

According to a separate stock exchange filing by the company, Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 53.48 percent.

Over 18.52 lakh pledged shares of SpiceJet released

In a disclosure to the BSE, Spicejet said that over 18.52 lakh equity shares of the company, pledged by Kal Airways have been released.

SpiceJet raises Rs 130 cr from Kalanithi Maran in two tranches

Budget carrier SpiceJet has raised Rs 130 crore through issue of securities in two tranches to promoter Kalanithi Maran this week.