India, March 17 -- SpiceJet today announced that its Founder and Promoter, Ajay Singh, through M/s Spice Healthcare (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 29.11% to 33.47%.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 to partially fund the balance of 75% of the amount at the time of allotment of the equity shares pursuant to exercise of option to convert said warrants....