Mumbai: SpiceJet today said its promoter Kalanithi Maran's stake in the no-frills airline has increased by nearly six per cent to 22.05 per cent due to allotment of equity shares following conversion of convertible debentures.
Maran's stake has risen from 16.27 per cent to 22.05 per cent, SpiceJet said in a regulatory filing to the stock exchange.
The overall holding of promoters in the airline also climbed to 52.14 per cent from 48.59 per cent at the end of March quarter.
The company has allotted 35,931,453 equity shares to Maran following conversion of 13 million Unsecured Compulsorily Convertible Debentures for an aggregate value of Rs 130 crore.
22/04/13 PTI/Economic Times
