Gurugram, March 17 -- SpiceJet on Monday announced that its Founder and Promoter, Ajay Singh, through Spice Healthcare Private Limited (a Promoter Group Company), will infuse Rs 294.09 crore into the company through the conversion of 13,14,08,514 warrants into an equivalent number of equity shares (13.14 crore equity shares).

This strategic move will increase the consolidated shareholding of the Promoter Group in SpiceJet from the current 29.11per cent to 33.47per cent.

Further, Ajay Singh, Promoter of the Company, is disposing upto 3.15 Crore equity shares of the Company and utilize the proceeds to enable Spice Healthcare Private Limited to partially fund the balance of 75 per cent of the amount at the time of allotment of the equity s...