SpiceJet's Singh to infuse Rs 294 crore, up stake to 34%

Ajay Singh, founder-promoter of SpiceJet, will increase his stake in the airline from 29.1% to 33.5% with a Rs 294 crore investment through Spice Healthcare. The investment, via conversion of warrants into equity shares, is expected to strengthen the airline's financial position and support growth.

SpiceJet's Singh to infuse Rs 294 crore, up stake to 34%
Ajay Singh, founder-promoter of SpiceJet, will increase his stake in the airline from 29.1% to 33.5% with a Rs 294 crore investment through Spice Healthcare. The investment, via conversion of warrants into equity shares, is expected to strengthen the airline's financial position and support growth.