SpiceJet shareholders on Thursday approved the issue of preferential equity and warrants to 63 major entities which includes Aries Opportunities Fund, the Mahapatra family—Preeti and Harihara Mahapatra— and others.
Preeti and Harihara Mahapatra will own a major stake in the airline; 19.95 per cent and 1.99 per cent respectively. Meanwhile, Aries Opportunities Fund will hold 3.99 per cent share in the low cost carrier.
The airline concluded its annual general meeting (AGM) with its shareholders on January 10. Shareholders have approved a new allotment where 63 entities will cumulatively infuse Rs 2,241.5 crore in SpiceJet.
