Wednesday, October 07, 2015

SpiceJet shareholders agree Ajay Singh's appointment as MD

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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