Singh sold 1.15 crore shares or 0.89% of the total equity through these blocks, data indicated. The 1.15 crore shares were sold at an average price of ₹45.34 per share, taking the total transaction value to ₹52 crore.
As per the shareholding pattern on BSE for the quarter that ended on December 31 last year, promoters of SpiceJet have a 29.13% stake in the airline. The stake is divided between Ajay Singh (22.9%), Ajay Singh HUF (3.54%), Kalpana Singh (0.02%) and Spice Healthcare Pvt. Ltd. (2.67%).
Shares of SpiceJet had a sharp fall on Thursday towards the close of the trading session, and eventually ended 6.4% lower at ₹45.48. Shares of the airline are already down 43% from their recent 52-week high of ₹79.9.
SpiceJet shares have corrected 20% so far this year.
First Published: Mar 14, 2025 9:02 AM IST
