13-Oct-2010 9:13 AM

KAL Airways purchases 7.42% equity share capital in SpiceJet

KAL Airways purchased 28,594,400 equity shares or 7.42% voting rights of SpiceJet Ltd at INR47.25 per share through an off-market transfer (ibtimes.com/Press Trust of India, 12-Oct-2010). The acquisition is pursuant to a share purchase agreement dated 12-Jun-2010, executed among SpiceJet, KAL Airways, Kalanithi Maran, WLR Recovery III (India) Ltd, WLR Recovery IV/ESC (India) Ltd, India Asset Recovery Fund Ltd and WLR/GS (India) Ltd. KAL Airways' direct stake in SpiceJet has now increased to 25.1%. [more] [more - Open Offer]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More