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| Exchange Disseminated Time | The Exchange had sought clarification from Spicejet Ltd with respect to the media report titled "SpiceJet promoters to raise stake by 10%." Appearing in Business Standard on September 03, 2014,
Spicejet Ltd has replied as under:
"We wish to inform you that subject to the approval of the shareholders of the Company as per the provisions of the Companies Act, 2013 read with provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“SEBI ICDR Regulations”) and such other approvals, consent, etc. as may be required in this regard, the Board of Directors of the Company in its meeting held on August 21, 2014 inter-alia decided to create, offer, issue and allot, in various tranches upto 18.91 Crores Warrants convertible into equivalent number of equity shares of Rs.10 each to the Promoters of the Company, on preferential basis at a price to be determined as per SEBI ICDR Regulations.
The outcome of this Board Meeting of the Company was also intimated to the Exchange in terms of Clause 22(a) and 36 of the Listing Agreement and the same was taken on record by your good office." |
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