Indian Aviaiation News
Spicejet Ltd has announced that the Company on November 30, 2013 has allotted 15,000,000 (Fifteen Million) equity shares of Rs. 10 each, to Mr. Kalanithi Maran, Promoter of the Company, pursuant to exercise of conversion right attached to 15,000,000 (Fifteen Million) Warrants issued on preferential basis, at an issue price of Rs. 36.18 per equity share, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
Jet fuel price increase by marginal 0.8%
Jet fuel or ATF prices were hiked by a marginal 0.8% in step with rise in import cost, according to reports. Report said that this move follows a steep 4.5 per cent cut last month. ATF price at Delhi was hiked by Rs. 597.48 per kl, or 0.8 per cent, to Rs. 74,204.74 per kl, report said. In Mumbai, jet fuel costs Rs. 76,658.27 per klas against Rs. 76,035.89 per kl previously. The three fuel retailers -- IOC, Hindustan Petroleum and Bharat Petroleum -- revise jet fuel prices on the 1st of every month.