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SpiceJet Founder to Infuse ₹294 Crore
Mint Bangalore
|March 18, 2025
SpiceJet on Monday said its founder Ajay Singh will infuse ₹294 crore into the airline through a promoter group entity by way of conversion of warrants into equity shares, following which the promoter group's shareholding will increase to over 33% from the current 29.11%.
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Singh, who is also chairman and managing director of the carrier, will be infusing the funds through Spice Healthcare Pvt. Ltd, a promoter group company.
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