Maran pledges 87% of SpiceJet stake

Low-cost airline SpiceJet on Friday said its promoter group firm Kal Airways owned by Kalanithi Maran has pledged 86.17 per cent of its total holding in the company. The airline said its main promoter Kal Airways pledged over 4.39 crore shares on July 13,taking the total number shares pledged by the entity to over 13.48 crore. The total pledged shares account for 86.17 per cent of its holding in the Delhi-based carrier and 33.27 per cent of the outstanding shares of the company. Kal Airways holds over 15.65 crore shares in SpiceJet.