<h1>The fresh shares will raise Maran's stake to 43 percent from 38.7 percent currently and will help the airline to cover losses and fund expansion, Neil Mills told Reuters.<p> At 10:26 am SpiceJet shares, valued at almost 10 billion rupees, were up 8.3 percent at 26 rupees.</p></h1>
<h1>The fresh shares will raise Maran's stake to 43 percent from 38.7 percent currently and will help the airline to cover losses and fund expansion, Neil Mills told Reuters.<p> At 10:26 am SpiceJet shares, valued at almost 10 billion rupees, were up 8.3 percent at 26 rupees.</p></h1>