Mumbai, March 17 -- This investment will be made through the conversion of 13,14,08,514 warrants into an equivalent number of equity shares (13.14 crore equity shares). As a result, the consolidated shareholding of the Promoter Group in SpiceJet will increase from 29.11% to 33.47%.

The proceeds from the sale of shares will be used to partially fund the remaining 75% of the amount required for the allotment of equity shares after the warrants are converted. This infusion highlights the Promoter Group's continued confidence in SpiceJet's long-term growth potential and strategic direction.

Ajay Singh, chairman and MD of SpiceJet, said, "This fresh infusion reaffirms our unwavering commitment to the airline and its bright future. This inves...