Ajay Singh now holds over 60 per cent stake in SpiceJet


SpiceJet's new promoter Ajay Singh now holds over 60 per cent stake in the carrier after buying former promoter Marans' entire stake. 

Singh, who co-founded the airline some years back, snapped up 58.46 per cent stake from Marans as part of a revival plan that would also see Rs 1,500 crore capital infusion into the airline. 
According to a regulatory filing made by SpiceJet, Singh holds more than 36.15 crore shares or 60.31 per cent stake in the carrier. At today's closing price of Rs 24.95 apiece on the BSE, Singh stake is worth more than Rs 900 crore. Prior to acquiring Marans' entire stake, his shareholding stood at 1.85 per cent. 

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