SpiceJet is India's most preferred airline who delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily fights to over 44 Indian cities and 9 international
Budget carrier SpiceJet's promoters will make a fresh infusion in the cash-strapped airline. The airline's board decide to issue warrants to the promoters on a preferential basis. The warrants are convertible into equity shares. Kalanithi Maran, owner of Sun Group, controls 53.5 per cent stake in the airline.
The airline will issue and allot up to 189.1 million warrants convertible into equivalent number of equity shares, in various tranches, to the promoters of the company, at a price to be determined according to Securities and Exchange Board of India (SEBI) regulations
The promoters holding in the company stood at 53.48% while Institutions and Non-Institutions held 0.86% and 45.66% respectively.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.05 on 23-Sep-2013 and a 52 week low of Rs. 11.10 on 13-Aug-2014.
Current price of stock is Rs 14.78, up by 0.22 points from its previous closing of Rs 14.56 on the BSE..
No comments:
Post a Comment