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Ajay Singh to infuse ₹294 crore into SpiceJet
Hindustan Times Ranchi
|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 promoter group's shareholding will increase to over 33%.
NEW DELHI:
Singh, also the chairman and managing director of the carrier, will be infusing the funds through Spice Healthcare Pvt Ltd, a promoter group company.
In a release on Monday, SpiceJet said Singh will infuse ₹294.09 crore into the company through the conversion of 13,14,08,514 warrants into an equivalent number of equity shares (131.4 million equity shares).
"This strategic move will increase the consolidated shareholding of the promoter group in SpiceJet from the current 29.11% to 33.47%," the release said.
This story is from the March 18, 2025 edition of Hindustan Times Ranchi.
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