New Delhi, March 17 -- Low-cost carrier SpiceJet on Monday said that its founder and promoter 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 move will increase the consolidated shareholding of the promoter group in SpiceJet from the current 29.11% to 33.47%.
The fresh fund would be infused through promoter group company Spice Healthcare Pvt Ltd.
"Further, Ajay Singh, Promoter of the Company, is disposing upto 3.15 crore equity shares of the company and utilise the proceeds to enable Spice Healthcare Private Limited to partially fund the balance of 75% of the amount at the time of allotment of the equity shares pursua...