Investment19 Mar 2025, 05:36 pm
SpiceJet: Promoter Group Infuses INR 294.09 Crore, Raising Stake to 33.47%
AI Summary
SpiceJet announced the successful infusion of INR 294.09 crore by its Founder and Promoter, Ajay Singh, through M/s Spice Healthcare Private Limited. This capital has been raised through the conversion of 13.14 crore warrants into an equivalent number of equity shares, increasing the consolidated shareholding of the Promoter Group from 29.11% to 33.47%. This latest capital infusion underscores the Promoter Group’s unwavering confidence in SpiceJet’s long-term growth potential and strategic vision.
Key Highlights
- SpiceJet's Promoter Group infuses INR 294.09 Crore into the company
- The infusion increases the Promoter Group's stake to 33.47%
- The investment is made through the conversion of 13.14 crore warrants into equity shares
- This move underscores the Promoter Group’s confidence in SpiceJet’s long-term growth potential and strategic vision
- This marks successful completion of overall INR 500 crore support from the Promoter, Mr Ajay Singh in equity infusion