SpiceJet shares were recently bought by Abu Dhabi Investment Authority (ADIA) in the open market. Confirming this, the spokesperson of the airline said that yes, ADIA has acquired the shares of the airline from the open market.
An airline official has claimed an increase in Foreign Institutional Investors (FIIs) stake in SpiceJet to 5.88 per cent. He said Foreign Institutional Investors (FIIs) held 0.33 per cent stake in SpiceJet in December 2023, which has increased to 6.21 per cent in February 2024. In this way, from December 2023 to February 2024, there has been an increase in the shareholding of Foreign Institutional Investors (FIIs) in SpiceJet by 5.88 percent.
Recently, SpiceJet raised a total of Rs 1,060 crore through a preferential issue with some investors, including Aries Opportunities Fund Limited and Elara India Opportunities Fund Limited.
According to airline officials, a portion of these funds will be used to repay past liabilities.
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On February 28, SpiceJet settled its Rs 250 crore dispute with AirCap’s subsidiary, Celestial Aviation.