Chennai: Foreign institutional investors have nearly doubled their holdings in billionaire Kalanithi Maran-owned SpiceJet, viewed by industry experts and analysts as the most eligible Indian airline to get foreign direct investment.
The latest shareholding data filed with the stock exchanges show that FIIs have raised their stake in the Chennai-based airline to 5.22% from 2.86% in the third quarter of this fiscal.
SpiceJet posted robust results, with a profit of Rs 102 crore on revenue of Rs 1,602.6 crore in the third quarter, beating expectations. BNP Paribas India Equity Fund acquired a 1.05% stake in the December quarter. The names of other FIIs are not known, indicating that they may have less than 1% stake (in which case a shareholder isn't identified).
28/01/13 Sanjay Vijayakumar/Economic Times
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The latest shareholding data filed with the stock exchanges show that FIIs have raised their stake in the Chennai-based airline to 5.22% from 2.86% in the third quarter of this fiscal.
SpiceJet posted robust results, with a profit of Rs 102 crore on revenue of Rs 1,602.6 crore in the third quarter, beating expectations. BNP Paribas India Equity Fund acquired a 1.05% stake in the December quarter. The names of other FIIs are not known, indicating that they may have less than 1% stake (in which case a shareholder isn't identified).
28/01/13 Sanjay Vijayakumar/Economic Times
