". . . the company has allotted 3,50,000 14 per cent unsecured compulsorily convertible debentures of Rs 100 each aggregating to Rs 35,000,000 to Kalanithi Maran, promoter of the company on preferential basis," the low cost carrier said in a BSE filing on Friday.
According to a separate stock exchange filing by the company, Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 52.14 per cent.
As on September quarter, both the promoters held 48.59 per cent stake in the airline. Earlier this week, the company had raised Rs 126.5 crore (Rs 1.26 billion) through issue of securities to Kalanithi Maran.
On December 26, shareholders approved proposals to raise Rs 145 crore (Rs 1.45 billion)
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