Aviation firms acquire stake in SpiceJet to settle outstanding dues

Nine acquirers, including SASOF II (J) Aviation Ireland Limited and Citrine Aircraft Leasing Limited, collectively acquired 104,172,634 equity shares in SpiceJet Limited through a preferential allotment. This acquisition represents 6.86% of the total share/voting capital and 6.49% of the total diluted share/voting capital of SpiceJet. Before this transaction, none of the acquirers held shares in the target company.

The acquisition was executed on November 19, 2025, with the shares allotted in lieu of outstanding dues owed by SpiceJet to the acquirers as of March 31, 2025. Following the acquisition, the acquirers now collectively hold 104,172,634 shares, maintaining their 6.86% voting capital and 6.49% diluted voting capital. The equity share capital of SpiceJet after the acquisition stands at 1,517,693,901 equity shares of INR 10/- each, up from 1,413,521,267 shares prior to the acquisition. The total diluted share/voting capital is now 1,604,870,735 equity shares of INR 10/- each.