India’s Sun TV Maran Set to Buy Stake in Spicejet

Sun TV Network Ltd.’s Chief Executive Officer Kalanithi Maran is close to purchasing nearly 40 percent stake in Spicejet Ltd., the Indian low-fare airline, the Mint reported, citing two investment bankers it didn’t identify.

The report said Maran will be buying stakes from promoter B.S. Kansagra and billionaire Wilbur Ross for 8 billion rupees.

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