New Delhi: At least more than one-fifth of SpiceJet shares have been
pledged, with its promoter Ajay Singh pledging nearly 34 per cent of his
stake in the low-cost carrier.
Mr Singh, the original co-founder, took back the reins last December amid SpiceJet facing turbulent times. He has already pumped in more than Rs 800 crore and continues to explore various investment options for the carrier.
The promoter holding in the company stood at little over 60 per cent at the end of June quarter and out of the total, about 34 per cent were pledged by Mr Singh, according to latest data available with the stock exchanges.
Around 34 per cent of Mr Singh's stake is "pledged or otherwise encumbered". This accounts for more than 20 per cent or one-fifth of the total shareholding in the carrier, as per the data.
At the end of June quarter, he held about 59.13 per cent stake that includes 0.49 per cent shareholding Read news in full .20/07/15 PTI/NDTV
Mr Singh, the original co-founder, took back the reins last December amid SpiceJet facing turbulent times. He has already pumped in more than Rs 800 crore and continues to explore various investment options for the carrier.
The promoter holding in the company stood at little over 60 per cent at the end of June quarter and out of the total, about 34 per cent were pledged by Mr Singh, according to latest data available with the stock exchanges.
Around 34 per cent of Mr Singh's stake is "pledged or otherwise encumbered". This accounts for more than 20 per cent or one-fifth of the total shareholding in the carrier, as per the data.
At the end of June quarter, he held about 59.13 per cent stake that includes 0.49 per cent shareholding Read news in full .20/07/15 PTI/NDTV
No comments:
Post a Comment