Maran's Co. Pledges 38.43% of Shares in SpiceJet

Mumbai: SpiceJet Ltd said KAL Airways Pvt. Ltd, the controlling shareholder in the Indian airline, has pledged 38.43% of its holding in the low-fare carrier.
In a filing to the Bombay Stock Exchange, India's second-biggest budget airline by marketshare said KAL Airways has pledged 31.25 million of its shares, which accounts for 14.84% of the total outstanding share capital in the company. The airline didn't give further details.
04/04/11 Anirban Chowdhury/Dow Jones/Wall Street Journal

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Categories: spicejet Apr 2011