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SpiceJet Ltd informed the stock exchanges on Wednesday following the shareholders’ approval, the company on January 9, has allotted 1.5 crore 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 26.18 to promoter Kalanithi Maran, on preferential basis.
In another filing, the company has said that Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 53.48 per cent.
Earlier, the company’s board decided to raise Rs 130 crore through issue of 14 per cent unsecured compulsorily convertible debentures to Kalanithi Maran, and another Rs 15 crore through preferential allotment of warrants with an option to apply for equity shares to him.
Besides, it has also been approved that the company’s authorised share capital be raised to Rs 1,000 crore from the current Rs 565 crore; to redesignate S. Natrajhan as Managing Director of the company; and election of Kalanithi Maran and Kavery Maran as directors not liable to retire by rotation.
> ravikumar.ramanujam@thehindu.co.in
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