SpiceJet receives Rs 294 crore investments, promoter group raises stake to 33%

The company also said that it has completed an quity infusion of INR 500 Crore.

By: Express Web Desk
New Delhi | March 19, 2025 01:53 PM IST

1 min read

The company also said that it has completed an quity infusion of INR 500 Crore. (File Photo)

SpiceJet Airline Wednesday announced an infusion of Rs 294.09 crore into the company through M/s Spice Healthcare Private Limite, a promoter group company.

“The 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%,” SpiceJet said in a statement.

The company also said that it has completed an equity infusion of Rs 500 Crore.

Chairman and Managing Director Ajay Singh said, “We are delighted to have successfully completed this fund infusion, which reaffirms our commitment to SpiceJet’s growth and success. This investment will further strengthen the company’s financial position, drive growth, and enhance our operations.”

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