Low-cost carrier SpiceJet today said that more than 18.52 lakh shares pledged by one of its promoters Kal Airways have been released.
In a disclosure to the BSE, Spicejet said that over 18.52 lakh equity shares of the company, pledged by Kal Airways have been released.
Kal Airways held 15.65 crore shares or 32.32% stake in SpiceJet as of September quarter.
SpiceJet operates over 300 daily flights.
Shares of the company ended at Rs 45.55, down 1.62% on the BSE.
