Shareholding13 Apr 2026, 05:21 pm
Authum Investment Acquires 1.51% Stake in SpiceJet for Loan Recovery
AI Summary
Authum Investment & Infrastructure Ltd has disclosed the acquisition of 2,31,07,588 equity shares, representing a 1.51% stake, in SpiceJet Limited. This acquisition was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares, previously held as continuing security for an outstanding loan, were appropriated by Authum Investment & Infrastructure Ltd on April 10, 2026, for the recovery of the loan amount due. Authum Investment & Infrastructure Ltd is not part of SpiceJet's promoter group and now holds these shares as an investment.
Key Highlights
- Authum Investment acquired 1.51% of SpiceJet's equity shares.
- The acquisition involved 2,31,07,588 shares on April 10, 2026.
- Shares were appropriated from a loan security for recovery.
- Authum Investment & Infrastructure Ltd is not a promoter of SpiceJet.
- The acquisition was made through an agreement.
Price Impact
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