Authum Investment increases stake in SpiceJet through warrant conversion

Authum Investment & Infrastructure Ltd has disclosed a substantial acquisition of shares in SpiceJet, according to Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, Authum Investment held 374,261,172 shares, representing 2.92% of SpiceJet's total share/voting capital. Subsequently, Authum Investment encumbered an additional 490,000,000 shares, bringing their total holding to 864,261,172 shares, or 6.74% of the company's share/voting capital. This encumbrance is by way of a pledge.