Premium
This is an archive article published on June 12, 2010

Maran in pact to buy 37% stake in SpiceJet

Media magnate Kalanithi Maran today entered into an agreement to acquire over 37 per cent equity in low-cost carrier SpiceJet.

google-preferred-btn

Media magnate Kalanithi Maran today entered into an agreement to acquire over 37 per cent equity in low-cost carrier SpiceJet.

Under the agreement,Maran’s aviation company Kal Airways would acquire a total of over 37 per cent stake from promoters– Wilbur Ross and his investment companies as well as Bhupendra Kansagara,a top SpiceJet official told PTI.

He said Maran “entered into an agreement” to acquire the stake and the acquisition process would be carried out in phases over the next few months.

Story continues below this ad

The deal was struck after several days of intense negotiations.

SpiceJet’s share closed yesterday at Rs 56.05 a share,three per cent lower from its previous close,on the Bombay Stock Exchange though market sentiment was favourable and the BSE benchmark index Sensex shot up by 142 points to end at 17,064.95 points.

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Clash between Jan Suraj Party JD(U) supporters, Jan Suraj Party, Janata Dal (United), Bihar Assembly elections, Bihar Assembly polls, Mokama Assembly constituency, Indian express news, current affairs
CitiesClash between Jan Suraj Party, JD(U) supporters in Bihar leaves one dead, several injured
Prince Andrew stripped of titles and honors by King Charles III
Prince Andrew stripped of titles and honors by King Charles III
Kantara 2 box office collection day 28: Rishab Shetty’s film misses Rs 600 cr mark.
EntertainmentKantara 2 box office collection day 28, all records it has broken: Rishab Shetty’s actioner misses Rs 600 cr mark by just Rs 1 cr; becomes most-watched Indian film of 2025
Ahead of 60th birthday, Shah Rukh Khan held an ASK SRK session with fans.
Entertainment'Bhaade pe reh raha hu': Shah Rukh Khan promises to meet fans at Mannat on birthday despite renovations, calls himself 'sexy at 60'
Lucy Guo’s wealth originates largely from Scale AI, the data-labeling startup she co-founded in 2016 (Image source: @guoforit/Instagram)
TrendingRicher than Taylor Swift, world's youngest self-made woman billionaire Lucy Guo shares her success secret: 'Don't be scared of rejection'
The man credited India’s speed to an intricate web of dark stores, dense rider networks, and efficient traffic navigation, which together enable a delivery system that’s almost unmatched globally (Image source: Express Collage)
Trending‘Built on cheap labour by exploitation’: Indian-origin man shares how Germany is stunned by 10-minute delivery system
India have done the unthinkable by toppling the seemingly invincible Australia in a record run chase in the semifinal of a World Cup. (Express Photo by Amit Chakravarty)
SportsIndia's greatest ODI World Cup win, regardless of gender
An emotional Jemimah Rodrigues after leading India to Women's World Cup final in Navi Mumbai. (Express Photo by Amit Chakravarty)
SportsGreatest chase, greatness beckons: Jemimah Rodrigues overpowers mighty Australia, India one step away from World Cup glory
India’s own history of principled foreign policy choices sharpens many Indians’ misgivings about the current debate. In the 1970s, India objected vehemently to apartheid South Africa — including forfeiting a Davis Cup final in 1974 rather than accept sporting ties with a regime that institutionalised racial oppression. (C R Sasikumar)
OpinionIndia's Taliban outreach requires reconciling principle with pragmatism
President Donald Trump, left, and Chinese President Xi Jinping, right, shake hands after their U.S.-China summit meeting at Gimhae International Airport Jinping in Busan, South Korea, Thursday, Oct. 30, 2025.
Explained3 takeaways from Xi-Trump meeting: Some optics, some substance, and a message to the world
lubricant
Lifestyle'Do not use these items as lubricants': Experts warn against using coconut oil, body lotions, and even saliva during intercourse
Google and Reliance partner to bring the Gemini AI Pro plan and other advanced AI tools free to eligible Jio 5G users for 18 months.
TechnologyJio 5G users get free access to Google Gemini AI Pro plan worth Rs 35,100 for 18 months
Advertisement
Must Read
SportsIndia's greatest ODI World Cup win, regardless of gender
India have done the unthinkable by toppling the seemingly invincible Australia in a record run chase in the semifinal of a World Cup. (Express Photo by Amit Chakravarty)
SportsGreatest chase, greatness beckons: Jemimah Rodrigues overpowers mighty Australia, India one step away from World Cup glory
An emotional Jemimah Rodrigues after leading India to Women's World Cup final in Navi Mumbai. (Express Photo by Amit Chakravarty)
SportsWomen’s ODI World Cup 2025: Jemimah Rodrigues towers above all to play a career-defining innings
Jemimah, a Mumbai girl who loved all sport from hockey to cricket, who strummed a guitar and danced to creative reels, had missed out on the last World Cup and wasn't the first one to be pencilled in as India floundered a bunch of finishes. (Express Photo by Amit Chakravarty)
TechnologyJio 5G users get free access to Google Gemini AI Pro plan worth Rs 35,100 for 18 months
Google and Reliance partner to bring the Gemini AI Pro plan and other advanced AI tools free to eligible Jio 5G users for 18 months.
TechnologyWhy RAM and SSD prices are soaring up to 50% worldwide, and how AI is driving it
A surge in AI computing demand is pushing RAM and SSD prices to new highs.
TechnologyIndia could get official caller ID by March 2026: What is CNAP and how does it work
CNAP could make third party solutions like Truecaller less appealing.
Lifestyle'Do not use these items as lubricants': Experts warn against using coconut oil, body lotions, and even saliva during intercourse
lubricant
Advertisement
Buzzing Now
TrendingRicher than Taylor Swift, world's youngest self-made woman billionaire Lucy Guo shares her success secret: 'Don't be scared of rejection'
Lucy Guo’s wealth originates largely from Scale AI, the data-labeling startup she co-founded in 2016 (Image source: @guoforit/Instagram)
Trending‘Built on cheap labour by exploitation’: Indian-origin man shares how Germany is stunned by 10-minute delivery system
The man credited India’s speed to an intricate web of dark stores, dense rider networks, and efficient traffic navigation, which together enable a delivery system that’s almost unmatched globally (Image source: Express Collage)
Trending‘He boarded his flight, excited to be back’: Amazon’s biggest layoffs with early-morning messages leave employees distressed
Thousands of Amazon employees woke up on Tuesday to unexpected text messages notifying them that they had been laid off (File photo)
Trending'She seems disturbed': Angry over stolen purse, woman breaks AC coach window after police inaction, video triggers debate
Upset by a lack of support from railway staff and authorities, she took out her anger on the train’s window (Image source: @PRAMODRAO278121/X)
Trending‘One should demand even 2x’: Shark Tank India’s Anupam Mittal criticises 35% salary hike in new job, sparks debate
When a user compared job seekers asking for higher increments to founders seeking more equity, Anupam Mittal responded, “They can ask for sure, but the market will determine what they get, no?”
Oct 30: Latest News
Advertisement