Spicejet Ltd allots 64169000 Warrants to Promoters of the Company on preferential basis

Spicejet Ltd has on March 12, 2014. allotted 64,169,000 (Sixty Four Million One Hundred and Sixty Nine Thousand) Warrants, having option to apply for and be allotted equivalent number of equity shares of the face value of Rs. 10 each at a premium of Rs. 10.76 to Promoters of the Company on preferential basis.

M/s Kal Airways Private Limited, a promoter company has been allotted 45,000,000 warrants and Mr. Kalanithi Maran has been allotted 19,169,000 warrants.

Shares of SPICEJET LTD. was last trading in BSE at Rs.14.61 as compared to the previous close of Rs. 14.14. The total number of shares traded during the day was 4547050 in over 12824 trades.

The stock hit an intraday high of Rs. 15.2 and intraday low of 14.05. The net turnover during the day was Rs. 67266368.

Source : Equity Bulls

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