Over 18.52 lakh pledged shares of SpiceJet released

Low-cost carrier SpiceJet today said that more than 18.52 lakh shares pledged by one of its promoters Kal Airways have been released.

In a disclosure to the BSE, Spicejet said that over 18.52 lakh equity shares of the company, pledged by Kal Airways have been released.

Kal Airways held 15.65 crore or 32.32 per cent stake in SpiceJet as of September quarter.

SpiceJet operates over 300 daily flights. Shares of the company ended at Rs 45.55, down 1.62 per cent on the BSE.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • The govt needs to spend its cash without being frugal or wasteful

    Increased government spending can provide a temporary stimulus to demand and output. This is Economics 101.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Roopen Roy

Livability as a competitive advantage

Some CEOs and policymakers argue forcefully that distance is of ...

Rajgopal Nidamboor

The submarine element of your mind

We are all aware of the power of our will ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture