SpiceJet on Tuesday stated that its promoter Ajay Singh’s shareholding in the airline will reduce from 56.49 per cent to at least 38.55 per cent once the shareholders approve the issuance of equity and warrants to 63 entities at the airline’s annual general meeting on January 10.
The airline announced it is going to raise a total of Rs 2,241.5 crore through the issuance of equity and warrants — Rs 1,591.5 crore will be raised by issuing equity to 58 entities and Rs 650 crore will be raised by issuing warrants on a preferential basis to five other entities.
