Low cost carrier SpiceJet has received shareholders' approval for the appointment of Ajay Singh as its Managing Director. Singh, who came to the rescue of the no-frills carrier, was appointed as Managing Director by the board with effect from May 21 for a three-year period. The proposal has been approved by the shareholders through postal ballot, the carrier said in a regulatory filing today. Besides, the proposals for adopting a new set of Articles of Association as well as "alteration of registered office clause of Memorandum of Association of the Company" have been cleared by the shareholders.
06/10/15 moneycontrol.com
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06/10/15 moneycontrol.com