Chennai: SpiceJet has announced in its regulatory filing today that its shareholders have approved the company’s proposal to raise funds through issue of debentures and warrants, on preferential basis, to its promoter Kalanithi Maran.
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.
26/12/12 Business Line
