New Delhi: Sun Group chief Kalanithi Maran, his wife Kavery Kalanithi and confidante S Natrajhen have resigned from the board of SpiceJet.
The low-cost carrier's board met on Friday and decided that Maran and his Kal Airways will sell and transfer their entire 58.46% stake to new owner Ajay Singh.
SpiceJet's registered office will be shifted back to Gurgaon — where Ajay Singh started the airline — from Chennai. The LCC's board also decided to issue equity shares or any instrument convertible into equity shares for an amount not exceeding Rs 1,500 crore.
31/01/15 Times of India
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The low-cost carrier's board met on Friday and decided that Maran and his Kal Airways will sell and transfer their entire 58.46% stake to new owner Ajay Singh.
SpiceJet's registered office will be shifted back to Gurgaon — where Ajay Singh started the airline — from Chennai. The LCC's board also decided to issue equity shares or any instrument convertible into equity shares for an amount not exceeding Rs 1,500 crore.
31/01/15 Times of India
