Authum Investment & Infrastructure Ltd. announced on February 25, 2026, that it has acquired 10,37,00,000 equity shares of SpiceJet Limited, representing approximately 6.80% of its paid-up capital. This acquisition resulted from the invocation of a pledge related to outstanding dues from a borrower company. A portion of these shares, representing 2.86%, remains pledged as continuing security, while the rest have been sold.
Acquisition of SpiceJet Equity Shares
Authum Investment & Infrastructure Ltd. has formalized the acquisition of a significant stake in SpiceJet Limited following the invocation of a pledge. On February 25, 2026, the Company acquired 10,37,00,000 equity shares of SpiceJet. This block of shares represents approximately 6.80% of the total paid-up share capital of SpiceJet.
This transaction was necessitated by outstanding dues owed by Spice Healthcare Private Limited, where shares belonging to Mr. Ajay Singh were pledged with Authum. The acquisition was completed in the Company’s dematerialized account on the acquisition date, with no separate cash consideration paid for this specific acquisition.
Status of Acquired Shares
Out of the total acquired shares, the Company has already sold 6,00,00,000 equity shares. The remaining 4,37,00,000 equity shares, equating to approximately 2.86% of the paid-up share capital, will remain in the Company’s dematerialized account to serve as continuing security.
Target Entity Profile: SpiceJet
SpiceJet Limited operates in the Aviation / Airline Industry, primarily providing domestic and international air passenger and cargo transportation services in India. The company was incorporated on 09 December 1984.
The turnover for SpiceJet over the last three financial years shows a declining trend:
- FY 2024-25: ₹5,326 crore
- FY 2023-24: ₹7,085 crore
- FY 2022-23: ₹8,874 crore
Regulatory Context
The acquisition does not fall under the definition of a related party transaction, nor do the promoter or promoter group companies have any pre-existing interest in SpiceJet being acquired, confirming the process was done at “arm’s length.” No specific governmental or regulatory approvals were required for this transfer of shares.
Source: BSE
