SpiceJet Limited
Authum Investment & Infrastructure sold 9,72,14,108 shares of SpiceJet for ₹140.77 Cr at ₹14.48 apiece in an open market transaction. This reduced its stake from 9.23% to 2.86%. This was a partial exit following a pledge invocation.
A leading Indian airline operator, SpiceJet provides air transport services for passengers and cargo across domestic and international routes. The carrier operates a modern fleet of aircraft and focuses on delivering affordable air travel through competitive pricing and efficient operations. SpiceJet serves as a significant player in India's aviation sector, connecting major cities and tier-two towns, offering both scheduled and charter services to business and leisure travelers.
BSE-listed NBFC (market cap ~Rs 38,000 cr) controlled by Sanjay and Alpana Dangi, with around Rs 15,300 cr deployed across listed and unlisted Indian equities and credit. One of India's most aggressive listed proprietary investment vehicles, with concentrated multi-bagger positions and disclosed stakes in 10+ listed companies.
