Kalanithi Maran buys 37.75% in SpiceJet at Rs 47.25/share Sun TV Promoter Kalanithi Maran has acquired 37.75% in low-cost carrier SpiceJet at Rs 47.25 per share amounting to Rs 750 crore. As per the deal, Maran's aviation company will acquire the stake from promoters Wilber Ross and Bhupendra Kansagara. Maran will make an open offer for 20% at around Rs 57 per share, reports CNBC TV18. The open offer is likely to be made on Monday. While, Ernst and Young (E&Y) were M&A advisors to Maran in the SpiceJet deal, it was Edelweiss which was advising WL Ross and B Kansagara.  BHATIYA PARESH J |
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Sunday, June 13, 2010
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