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  Canada Immigration Forum > General > Our Native Country! > Spice Jet: Kalanidhi Maran takes over as the Chief
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Spice Jet: Kalanidhi Maran takes over as the Chief




http://expressbuzz.com/finance/kalanidhi-maran-takes-over-as-spicejet-chief/223283.html

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Even the ink dried over RAZA's 1.76 Lakh Crores about USD 40 Billion telecom scam the the guy who handled it before RAZA, Dayanidhi Maran(current union textile minister) has taken over as the chief of this airline.
This family own Sun TV, Sumangali cable vision and also the Sun Pictures.

They were the people who threatened Rupert Murdoch Chief of the STAR-FOX media conglomerrate during the last tenure.

Now this development and also when Obama came to India one of the business deal shown on the 10 billion dollar business given to Obama and Company was this 33 Spice Jet Airplanes order to USA.

Where did the money come from for this investment?.

If somebody digs deep they will know the extent of rot and the MOTHER of ALL SCAMs in the world perperated by Mu KA and family.

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Kalanidhi Maran takes over as SpiceJet chief
PTI
Kalanidhi Maran had clinched a deal in June to acquire a 37.7 percent stake in the airline. (File photo: EPS)First Published : 15 Nov 2010 05:52:27 PM ISTLast Updated :
NEW DELHI: Sun TV Chief Kalanidhi Maran took over as the chairman of low-cost air carrier SpiceJet today and wasted no time to induct four of his nominees in the company's board of directors.


\"Kalanidhi Maran has been inducted into the board as the Promoter Director and has been appointed as the Chairman of the board and company,\" SpiceJet said in a filing to the Bombay Stock Exchange.

Following the completion of his acquisition of a majority stake in the company, Maran has inducted four of his nominees -- S Sridharan, J Ravindran, Nicholas Martin Paul and M K Harinarayanan -- as directors on the company board, it said. Furthermore, Kavery Kalanidhi, the wife of the Chennai-based industrialist, has been appointed as a non-independent director on the board, the filing added.

To make space for the new board members, all four existing directors on the airline's board -- B S Kansagra, Kishore Gupta, Mukkaram Jan and Vijay Kumar -- have resigned from the no-frills carrier. Maran had clinched a deal in June to acquire a 37.7 percent stake in the airline for about Rs 750 crore from American investor Wilbur Ross, his investment companies and the Kansagara family-promoted Royal Holding Services Ltd.

He, however, currently holds a 38.66 percent stake in the airline.

\"Kalanidhi Maran jointly with KAL Airways Pvt Ltd has acquired 38.66 percent stake in the company. Their acquisition included the entire equity stake of the erstwhile promoter -- Royal Holdings Services Ltd (RHSL) -- and FCCB converted equity stake held by W L Ross entities and shares offered by general public in the open offer made pursuant to SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997,\" the SpiceJet filing said.

Before the latest management shuffle, Maran had already appointed Neil Mills as CEO of the airline , while several top officials, including the then-CEO Sanjay Aggarwal and founder director Ajay Singh, put in their papers.

The SpiceJet filing further said that S Natrajhen has been appointed as the Chief Operating Officer of the airline. Shares of the company closed at Rs 85.70 on the Bombay Stock Exchange today, down 1.10 percent from the previous close.

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Sunny Leone a true Canadian DESI now back in India !.

 
Vandematram

Senior Desi
Member since: Nov 08
Posts: 1446
Location: Sunny - Leone

Post ID: 175572 15-11-10 14:05:51
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