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On May 17, the Division Bench of the Delhi HC ruled in favour of SpiceJet and its promoter, Ajay Singh, in the long-standing share transfer case against former promoter Kalanithi Maran and his firm, KAL Airways.
SpiceJet has paid a total of Rs 730 crore, comprising Rs 580 crore in principal along with an additional Rs 150 crore towards interest to Maran and KAL Airways
SpiceJet share price: Shares of SpiceJet recovered 5.45 per cent from day's low value to hit a high of Rs 63.25 in Friday's trade. The stock saw heavy trading volume today.
SpiceJet had previously paid Rs 730 crore to Maran and his firm, consisting of a principal amount of Rs 580 crore and an interest component of Rs 150 crore.
SpiceJet had paid a total of Rs 730 crore, including Rs 580 crore in principal along with an additional Rs 150 crore to Kalanithi Maran and KAL Airways.