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...SpiceJet carried around a fifth of India’s domestic passengers at its peak but was virtually bankrupt in 2014 when its majority owner, media magnate Kalanithi Maran, agreed to relinquish control to its founder...
...In an announcement to the Bombay Stock Exchange late on Thursday, SpiceJet said its current controlling shareholder, Kalanithi Maran, a Chennai-based media magnate who bought the airline in 2010, had agreed...
...In 2008, amid mounting losses, SpiceJet raised $86m from Wilbur Ross, who sold out two years later — at a handsome profit — to Chennai-based businessman Kalanithi Maran....
...The SpiceJet owner, Chennai-based media magnate Kalanithi Maran, is under pressure to inject fresh capital into the airline or find a new investor to help cope with an acute liquidity crunch, brought on...
...After seeking a new strategic partner for the past two years, Kalanithi Maran, the Chennai-based media magnate who took a controlling stake in the airline in 2010, is under pressure to provide a cash lifeline...
...Ajay Singh, a former director who founded the airline in 2005, sold most of his stake in SpiceJet in 2010 to Kalanithi Maran, the Chennai-based media magnate and current controlling shareholder, but still...
...Today, however, SpiceJet is poised for a course correction after Kalanithi Maran, the media magnate and the carrier’s controlling shareholder, agreed to hand ownership to Ajay Singh, the founder, as part...
...Indian federal police announced they had launched a formal investigation into former telecoms minister Dayanidhi Maran and his media moghul brother, Kalanithi Maran, related to the 2006 sale of Indian phone...
...WL Ross, the billionaire’s private equity investment firm, and Bhupendra Kangsagra, another investor, sold 37.7 per cent of the airline to Kalanithi Maran, chief executive of Sun TV Network, south India’...
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