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SpiceJet stake News

20 Jul 2015

SpiceJet's Ajay Singh pledges over half of his stake

At least more than one-fifth of SpiceJet shares have been pledged, with its promoter Ajay Singh pledging nearly 34 percent of his stake in the low-cost carrier.

30 Jan 2015

SpiceJet to get Rs 1,500 cr funds; Marans to also put Rs 375 crore

The embattled airline, which received a lifeline from original promoter Singh earlier this month, would issue up to 37.5 lakh non-convertible cumulative redeemable preference shares.

30 Jan 2015

Kalanithi Maran, Kal Airways sell entire SpiceJet stake to Ajay Singh

Budget airline SpiceJet on Friday said that its promoters Kalanithi Maran and Kal Airways plan to sell their entire equity to co-founder Ajay Singh.

SpiceJet operations

25 Dec 2014

JPMorgan fund in talks on taking $200 mn stake in SpiceJet: Report

Ajay Singh, who helped set up the low-cost airline in 2005, is leading a rescue plan for SpiceJet and has met with aviation ministry officials to discuss a revival plan.

Rakesh Jhunjhunwala

28 Nov 2014

Jhunjunwala's Rare Enterprises picks up stake in Spicejet

Ace investor Rakesh Jhunjhunwala's Rare Enterprises on Friday picked up 75 lakh shares of SpiceJet for more than Rs 13 crore through open market route, amid the no frills carrier facing tough business conditions.

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