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Can’t Allow Issue of Warrants to Kalanithi Maran:BSE to HC

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Cant Allow Issue of Warrants to Kalanithi Maran:BSE to HC

Kalanithi Maran had demanded that 180 million warrants redeemable as equity shares be transferred to him. The warrants, if converted, would have given Maran and his airline, Kal, a share of 25 percent in SpiceJet.