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Spicejet informs about allotment of equity shares

19 Mar 2025 Evaluate
In continuation of disclosure dated March 17, 2025 regarding the exercise of option of conversion of 13,14,08,514 warrants into equivalent number of equity shares of Spice Healthcare, a Promoter Group Company (SHPL) and in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations), Spicejet has informed that the allotment committee of Board of Directors of the Company at its meeting held on March 18, 2025 (adjourned and resumed on March 19, 2025) has in aggregate allotted 13,14,08,514 equity shares of SpiceJet to SHPL pursuant to exercise of option of converting 13,14,08,514 Warrants into an equivalent number of equity shares of the Company of the face value of Rs.10 each. The said equity shares have been issued and allotted at an issue price of Rs 29.84 each on preferential basis, as per the terms and conditions of the allotment of said Warrants, upon receipt of the amount aggregating to Rs. 2,94,09,22,543.32 (being 75% of the issue price per warrant) from SHPL pursuant to the exercise of its rights of conversion into equity shares in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. After completion of aforesaid transactions, the consolidated shareholding of the Promoters Group in the Company has increased from 29.33% to 33.47%. Pursuant to aforesaid conversion, the Subscribed and Paid-up Equity Share Capital of the Company stands increased to Rs. 14,13,39,71,670 consisting of 1,41,33,97,167 fully paid-up Equity Shares of Rs. 10 each. The new equity shares so allotted shall rank pari-passu with the existing equity shares of the Company. The information in connection with the allotment of securities pursuant to Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure I. Also attached is the Press Release issued by the Company in this regard.

The above information is a part of company’s filings submitted to BSE.

SpiceJet Share Price

14.14 0.67 (4.97%)
16-Apr-2026 16:59 View Price Chart
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