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Spicejet - Acquisition of shares of Spicejet Ltd

Direct News Source

14-Jun-2010 Scrip Code:500285  

Company:Spicejet Ltd

Subject: Spicejet - Acquisition of shares of Spicejet Ltd

Announcement: Spicejet Ltd has informed BSE that the Board of Directors of the Company met on June 12, 2010, to consider the proposal of acquisition by Mr. Kalanithi Maran and Kal Airways Pvt. Ltd. the shares held by Royal Holdings Services Ltd. and WL Ross entities and approved the same subject to compliance by the proposed acquirers under the applicable laws including SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997.