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Spicejet LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Authum Investment & Infrastructure Limited has acquired 2,31,07,588 equity shares of SpiceJet Limited, representing a 1.51% stake. These shares were previously held by Authum as security against an outstanding loan. Authum has now formally taken ownership of these shares to recover the loan amount, converting its position from a secured creditor to an investor in SpiceJet. This change signifies Authum's direct equity holding in the airline.

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