SpiceJet stock jumps over 6% on BSE

In a filing to the BSE after market hours yesterday,the company said,”The allotment committee of the board allotted 3.59 crore equity shares of Rs 10 each at a premium of Rs 26.48 to Kalanithi Maran,the promoter of the company,on a preferential basis.”

With this,Maran’s stake in the airline will increase to 43 per cent. Maran,together with his firm Kal Airways,earlier held a 38.16 per cent stake in Spicejet.

Meanwhile,in highly volatile trade,the BSE benchmark Sensex was trading 82.61 points higher at 16,966.53 at 1236 hours today.

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