Loading
3-Jun-2011 11:09 AM

SpiceJet ownership involved in Public Interest Litigation

India Union Textile Minister Dayanidhi Maran has reportedly had a Public Interest Litigation (PIL) filed against him after he allegedly benefitted from the Aircel stake sale to Maxis Communications (Bloomberg/India InfoLine News Service, 02-Jun-2011). SpiceJet Ltd is owned and operated by Kalanithi Maran, who is a brother of Dayanidhi Maran. The Maran brothers also own and operate Sun TV Network Ltd. Shares in the carrier slumped 16% to INR34.5, marking the largest decline in almost five years. 

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