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A group of nine entities, including SASOF II (J) Aviation Ireland Limited, has acquired 104,172,634 equity shares in SpiceJet Limited through a preferential allotment. This acquisition represents a 6.86% stake in the airline. The shares were allotted in exchange for outstanding dues owed by SpiceJet to these entities, effectively converting debt into equity. This move helps strengthen SpiceJet's balance sheet by reducing its liabilities and bringing in new significant shareholders.