Mumbai: No-frills airline SpiceJet on Wednesday said its shareholders had approved promoter Kalanithi Maran picking up an additional five per cent equity by infusing about Rs 100 crore in the company. The move will take the overall holding of promoters in the airline to 48.6 per cent. SpiceJet informed BSE that shareholders had approved the allotment of up to 42,900,000 equity shares to Maran on a preferential basis. The filing...
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
