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SpiceJet approves stake sale to Ajay Singh; issues preference shares to Marans

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last year|2 views
Cash strapped airline SpiceJet Ltd will issue up to 3.75 million shares worth Rs375 crore to current promoters Kalanithi Maran and Kal Airways Pvt Ltd and will raise Rs1500 crore via instruments to investors that can be later converted into equity shares.