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...
06:33 PM, Apr 04, 2012
Mumbai: SpiceJet promoter Kalanithi Maran will pump Rs 100 crore into the airline by picking up an additional 5 per cent equity-a development that stands out in the industry that is going through turbulent times mainly due to rising fuel costs. The fund infusion by billionaire Maran comes in sharp contrast to cash-starved Kingfisher Airlines which has been unable to raise fresh funds for a host of reasons, compounded by...
03:28 AM, Mar 03, 2012
New Delhi: Naveen Jindal, the Chairman and Managing Director of Jindal Steel, is the top paid CEO in the country, with an income of more than Rs 67 crore per annum, according to data from Capitaline Database. Following Jindal is Kalanithi Maran, the Chairman & Managing Director of Sun TV Network. Maran's annual income amounts to more than Rs 64 crore. List of 15 top paid CEOs in India: 1)...
05:27 PM, Feb 08, 2012
Chennai: The CBI on Monday conducted raids at former telecom minister Dayanidhi Maran's residence in connection with the 2G spectrum scam. An FIR was registered against the Maran brothers - Dayanidhi Maran, Kalanidhi Maran, Ralph Marshall and T Anandakrishnan on Sunday, under the Prevention of Corruption Act. The CBI conducted searches in Chennai, Hyderabad and Delhi. The CBI also conducted raids at Apollo Group's Sunita Reddy's residence. Reddy, who has...
08:04 AM, Oct 10, 2011
New Delhi: Finding clinching evidence against DMK leader Dayanishi Maran in the Aircel-Maxis deal, the Central Bureau of Investigation (CBI) is all set to file an FIR against him and his brother Kalanithi Maran. It will be the first regular case to be lodged by the CBI as an outcome of its investigations into the alleged irregularities in the spectrum allocation in the pre-A Raja period. At that time the...
07:47 AM, Sep 30, 2011
Mumbai: The shares of media major Sun TV, promoted by Kalanithi Maran, tumbled in Thursday's trade a day after the CBI told the Supreme Court that it would take a decision on bringing formal charges against his younger brother, Dayanidhi. The younger Maran, who was the communications minister from May 23, 2004 to May 15, 2007, is alleged to have arm twisted former Aircel promoter Sivasankaran into selling his stake...
01:13 PM, Sep 29, 2011
Mumbai: Broadcasting firm Sun TV on Friday denied any involvement in the 2G scam and said allegations were being levelled to harm the reputation of the company and its promoters. There has been a steep fall in the prices of the company's shares possibly triggered by baseless allegations and rumours linking the company with certain happenings relating to the 2G scam. "We wish to inform that Sun TV Network and...
01:50 PM, Jun 03, 2011
The airline claims a market share of 13 per cent and operates 129 flights daily to 18 cities. ...
08:22 PM, Jun 12, 2010
Broadcast empire survives political crackdown, beats competitors. ...
01:22 PM, Dec 07, 2009
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Disclaimer: Network18 Media & Investments 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.
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.
