SpiceJet Share Price Rise Over 4% as Promoter Ajay Singh Completes ₹500 Crore Equity Infusion

SpiceJet share price jumped over 4% on Wednesday after the airline announced that its promoter, Ajay Singh, had infused ₹294.09 crore into the company. This investment was made through M/s Spice Healthcare Private Limited, a Promoter Group company. Following the news, SpiceJet shares surged 4.83% to ₹50.55 on the BSE.

Completion of ₹500 Crore Investment

This latest capital infusion marks the completion of Ajay Singh’s ₹500 crore equity investment in SpiceJet. The funds were raised by converting 13.14 crore warrants into an equal number of equity shares. As a result, the Promoter Group’s stake increased from 29.11% to 33.47%, the airline revealed in a regulatory filing on March 19.

Ajay Singh, Chairman and MD of SpiceJet, stated, “This investment will strengthen our financial position, drive growth, and improve operations. We are ready to seize new opportunities and create value for customers and stakeholders.”

SpiceJet Stock Performance

• 1-Month Gain: 15%
• Year-to-Date (YTD) Loss: 10%
• 6-Month Loss: 26%
• 1-Year Loss: 15%
• 2-Year Gain: 50%

As of 12:55 PM, SpiceJet share price were trading 3.44% higher at ₹49.88 on the BSE.

Conclusion

Ajay Singh’s ₹500 crore investment strengthens SpiceJet’s financial stability and growth prospects. While the stock has seen recent gains, long-term performance remains mixed.

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