SpiceJet secures INR 294 crore infusion, stake rises

SpiceJet announced a successful infusion of INR 294.09 crore from Ajay Singh, its Founder and Promoter, through Spice Healthcare Private Limited. This capital raise involved the conversion of 13,14,08,514 warrants into an equivalent number of equity shares. As a result, the Promoter Group's consolidated shareholding in SpiceJet has increased from 29.33% to 33.47%. The equity shares were issued at Rs. 29.84 each. The company also clarified that 10,18,18,334 warrants allotted to non-promoters are still outstanding. SpiceJet's paid-up Equity Share Capital now stands at Rs. 14,13,39,71,670.