New Delhi, March 17 -- Domestic carrier SpiceJet on March 17 said that its Chairman and Managing Director (CMD), founder, and promoter Ajay Singh will infuse Rs.294.09 crore into the company, through promoter group company Spice Healthcare.

This will be conducted through the conversion of 13,14,08,514 warrants into an equivalent number of equity shares, SpiceJet told the exchanges.

"Spice Healthcare Private Limited, a promoter group company, has converted 13,14,08,514 warrants into an equivalent number of equity shares of SpiceJet," SpiceJet said during market hours on March 17.

"Ajay Singh, a promoter of Spicejet, intends to dispose of up to 3.15 crore equity shares of the company and utilise the proceeds to enable Spice Healthcare Pr...