Spicejet raises Rs 54cr via pref issue

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.