Spicejet raises Rs 131 cr via share allotment to Kalanithi Maran

MUMBAI: Low-cost air carrier SpiceJet on Thursday said it has raised Rs 131 crore by way of allotment of shares to promoter Kalanithi Maran on a preferential basis.

In a filing to the BSE, Spicejet said, "The allotment committee of board (today) allotted 3.59 crore equity shares of Rs 10 each at a premium of Rs 26.48 to Kalanithi Maran, promoter of the company, on preferential basis."

With this, Maran's stake in the airline will increase to 43 per cent. Maran, together with his firm Kal Airways, held 38.16 per cent stake in Spicejet. He took over as the company's Chairman in November last year.

Last month, SpiceJet shareholders had approved issuing over 3.59 crore shares to Maran on preferential basis.

The scrip of the company today closed at Rs 21.05, up 2.43 per cent from its previous close on the BSE.