SpiceJet said on Monday that its founder Ajay Singh would invest the warrant into equity shares and invest Rs 294 crore in the aviation company through the promoter group unit. After this, the stake of the promoter group in the aviation company will increase to more than 33 percent.
Singh is also the chairman and managing director of the aviation company. He will put money through the promoter group company Spice Healthcare Private Limited. SpiceJet said on Monday that Singh would convert 13,14,08,514 warrants into equal number of equity shares (13.14 crore equity share) to Rs 294.09 crore in the company.
First Published – March 17, 2025 | 10:21 pm IST
(Business Standard Staff has changed the headline and photo of this report, the rest of the news has been published without any change from a common news source.)
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