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Spicejet raises Rs 54cr via pref issue

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Our Web Bureau Mumbai
Spicejet today allotted 61,52,016 equity shares of Rs 10 each at Rs 89.30 per share on preferential basis to Istithmar PJSC, Dubai.

According to a release issued by Spicejet to the BSE today, the preferential issue was according to the terms approved by the shareholders on September 30, 2005.

"Hamed Ahmed Kazim has been co-opted as director on the board of the company with effect from October 14, 2005," the release added.

 

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First Published: Oct 14 2005 | 7:00 PM IST

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