Thread Rating:
  • 9 Vote(s) - 3.22 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Kalanithi Maran Makes Open Offer For SpiceJet
After acquiring about 37 percent stake in the SpiceJet airways, Kalanithi Maran on Monday made the mandatory open offer to buy another 20 percent from the public at Rs. 57.76 per share.

The offer has been made by KAL Airways based on two-week average daily high and low price of SpiceJet equity shares on the Bombay Stock Exchange. KAL Airways has been promoted by Kalanithi Maran and his wife Kaveri.

SpiceJet, which is running on profit, is expected to shift its registered office from Gurgaon after acquisition, reports said.

Sources said that the name of the company might be changed and after its acquisition. However, the promoters have undertaken not to sell any of the company’s assets.

Some of the other businesses of Kalanithi Maran include 20 TV channels, about 45 FM radio stations, two daily newspapers, 4 magazines, provides DTH services and is also into movie business.

As on June 10, his net worth is Rs. 13,384 crore, sources said.


Thanks given by:

Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: Ram Nath Kovind sworn in as India's 14th President, makes first tweet nairrk 0 789 07-25-2017, 12:51 PM
Last Post: nairrk
  General News: Apple Dubai Mall With Huge 186-Foot Curved Glass to Open on April 27 nairrk 0 811 04-26-2017, 01:22 PM
Last Post: nairrk
  Breaking News: Cabinet clears model law; malls, cinemas can stay open 24x7 rahul1117_kumar 0 630 06-29-2016, 08:21 PM
Last Post: rahul1117_kumar
  General News: A 6-year-old makes mango ice cream, gets paid Rs 1.35 lakh by Facebook nairrk 0 704 06-28-2016, 02:43 PM
Last Post: nairrk
  General News: Foreign Secy makes unannounced visit to China on NSG issue SRK 0 792 06-20-2016, 07:04 AM
Last Post: SRK
  General News: Pakistan to offer Eurobond worth $1 billion in 2016 SRK 0 792 05-08-2015, 06:41 PM
Last Post: SRK
  Computer glitch makes Carnegie Mellon accept 800 applications SRK 0 718 02-18-2015, 08:29 PM
Last Post: SRK
  Help: Spicejet Deal: CCI approval is awaited SRK 0 581 02-17-2015, 08:49 PM
Last Post: SRK
  Breaking News: Download the free Frozen sticker pack for your Facebook Messages: To download Open up adithya 0 3,193 11-30-2013, 10:44 PM
Last Post: adithya
  Update: Airtel 3G dongle free offer waytobala 1 3,076 10-06-2012, 08:35 PM
Last Post: waytobala

Forum Jump:

Users browsing this thread: 1 Guest(s)