Authum Investment Acquires 6.8% SpiceJet Stake via Pledge Invocation

Authum Investment & Infrastructure Limited acquired 10,37,00,000 equity shares of SpiceJet Limited, representing approximately 6.80% of its paid-up share capital, on February 25, 2026, through invocation of pledge.

Acquisition Context

The shares, originally pledged by Mr. Ajay Singh to secure outstanding dues of Spice Healthcare Private Limited (the borrower), were transferred to Authum's dematerialized account. No separate cash consideration was paid for the acquisition.

Current Shareholding Status Of the total acquired shares:

6,00,00,000 equity shares sold by the company.

4,37,00,000 equity shares (representing ~2.86% of SpiceJet's paid-up capital) retained in Authum's demat account as continuing security.

Target Company Profile

SpiceJet Limited operates in the aviation/airline industry, providing domestic and international passenger/cargo air transport services since incorporation on December 9, 1984. Recent turnovers: FY 2024-25: ₹5,326 crore; FY 2023-24: ₹7,085 crore; FY 2022-23: ₹8,874 crore.

Shares of SPICEJET LTD was last trading in BSE at Rs. 15.90 as compared to the previous close of Rs. 14.48. The total number of shares traded during the day was 103057121 in over 34158 trades.

The stock hit an intraday high of Rs. 15.92 and intraday low of 14.77. The net turnover during the day was Rs. 1616065214.00.

Source : Equity Bulls

Keywords

SPICEJET INE285B01017 Airlines AuthumInvestmentandInfrastructure PledgeInvocation MarketSale