Kalanithi Maran to increase stakes in SpiceJet

The Sun Group's Chief Kalanithi Maran and his wife, Kavery Maran, have resigned from one of the promoter entities of SpiceJet, which triggered the speculation on a possible sale of the Maran family’s majority stake in the airline. However, the Group denied any stake sale, except that it is talking to some private equity players. While the market buzz was that promoters of SpiceJet are planning to dilute majority stake, the media tycoon and the main promoter Kalanithi Maran has decided to

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