Chennai: The promoters of SpiceJet had converted 6,41,69,000 warrants held in the company into equal number of equity shares of Rs 10 each.
The board of directors of the company has allotted equity shares upon conversion of warrants issued on preferential basis.
According to a company filing with the Bombay Stock Exchange, the board had allotted 4,50,00,000 equity shares to Kal Airways Pvt Ltd and another 1,91,69,000 shares to Kalanithi Maran. The total paid up capital of the company, on September 30, 2014, was 59,94,50,183, after assuming full conversion of warrants and convertible securities, says the company.
In March, 2014, the company announced that it had allotted 6,41,69,000 warrants, having an option to apply for equivalent equity shares at a price of Rs 20.76 per equity share. The total amount of funds to be infused (including premium) would be Rs 133.22 crore.
15/11/14 Business Standard
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The board of directors of the company has allotted equity shares upon conversion of warrants issued on preferential basis.
According to a company filing with the Bombay Stock Exchange, the board had allotted 4,50,00,000 equity shares to Kal Airways Pvt Ltd and another 1,91,69,000 shares to Kalanithi Maran. The total paid up capital of the company, on September 30, 2014, was 59,94,50,183, after assuming full conversion of warrants and convertible securities, says the company.
In March, 2014, the company announced that it had allotted 6,41,69,000 warrants, having an option to apply for equivalent equity shares at a price of Rs 20.76 per equity share. The total amount of funds to be infused (including premium) would be Rs 133.22 crore.
15/11/14 Business Standard
