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.

“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.

Full report here New Indian Express


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