Kal Airways

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Kal Airways - Total results - 10
Kalanithi Maran loses Rs 1,323 crore arbitration against Spicejet, but gets Rs 571 crore refund
Business

Kalanithi Maran loses Rs 1,323 crore arbitration against Spicejet, but gets Rs 571 crore refund

Spicejet said there is no monetary impact from the verdict as most of the refund of Rs 370 crore already deposited in an escrow account created by the Delhi HC

Delhi HC tells SpiceJet, Maran to resolve share transfer dispute via arbitration
Business

Delhi HC tells SpiceJet, Maran to resolve share transfer dispute via arbitration

Maran and his airline have alleged in their plea that despite giving around Rs 579 crore to SpiceJet, the carrier failed to issue them the warrants

SpiceJet seeks shareholders' nod for Ajay Singh's appointment as MD
Business

SpiceJet seeks shareholders' nod for Ajay Singh's appointment as MD

Singh, the original co-founder, took back the reins last December amid SpiceJet facing turbulent times.

Back to black: SpiceJet flies out of red, makes Rs 22.5 cr net profit in Q4
Business

Back to black: SpiceJet flies out of red, makes Rs 22.5 cr net profit in Q4

During this quarter, Singh, the carrier's original founder-director took back its control after acquiring the entire 58.46 percent stake of Kalanithi Maran and Kal Airways Pvt. Ltd in February as part of a revival plan.

Relief for SpiceJet staffers as Ajay Singh says no big cut in manpower
Business

Relief for SpiceJet staffers as Ajay Singh says no big cut in manpower

Sources told CNBC-TV18 that the airlines will see significant rejig of the top management but people at junior and mid levels will not be disturbed.

SpiceJet shares jump 17% on CCI nod for capital infusion plan
Business

SpiceJet shares jump 17% on CCI nod for capital infusion plan

The scrip, listed on the BSE, jumped 17.79 percent to Rs 23.50. It had opened at Rs 22.80 and touched an intra-day high of Rs 23.50.

Foreign investors to play key role in Ajay Singh's five-year plan for SpiceJet revival
Business

Foreign investors to play key role in Ajay Singh's five-year plan for SpiceJet revival

While the company did not disclose the financial details of the deal and revival plan, official sources said that overall the deal size could be worth Rs 1,500 crore in three tranches.

Bailing out SpiceJet: Marans exit, co-founder Ajay Singh takes over
Business

Bailing out SpiceJet: Marans exit, co-founder Ajay Singh takes over

The troubles of ailing SpiceJet may finally be over . The airline’s co-founder Ajay Singh has singed an agreement with Sun Group Chairman Kalanithi Maran as well as KAL Airways, who control 53 percent stake in the airline to take over ownership and control of the low-cost carrier.

Spicejet seeks shareholders' nod to hike promoters holding by 5%
Business

Spicejet seeks shareholders' nod to hike promoters holding by 5%

In December, the promoters of SpiceJet increased their stake in the carrier to 53.48 percent by acquiring 2.8 percent equity on conversion of warrants worth over Rs 54 crore.

 Over 1.71 cr pledged shares of SpiceJet released
Investing

Over 1.71 cr pledged shares of SpiceJet released

About Rs 130 crore would be raised through issue of 14 percent unsecured compulsorily convertible debentures.