Acquisitions27 Feb 2026, 06:10 pm
Authum Investment Invokes Pledge on 10,37,00,000 Spicejet Shares for Loan Recovery
AI Summary
Authum Investment & Infrastructure Ltd has invoked a pledge on 10,37,00,000 equity shares of Spicejet Ltd, representing 6.80% of the total share capital of the company. Out of these, 6,00,00,000 shares have been sold for loan recovery, while 4,37,00,000 shares remain in Authum's dematerialized account as continuing security for the outstanding loan. This disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Key Highlights
- Authum Investment & Infrastructure Ltd invokes pledge on 10,37,00,000 Spicejet Ltd shares
- 6,00,00,000 shares sold for loan recovery
- 4,37,00,000 shares remain as continuing security for outstanding loan
- Transaction represents 6.80% of Spicejet's total share capital
- Disclosure made under SEBI Regulation 29(1)