SpiceJet is seeking shareholder approval to grant a 5.91% stake in the company to Carlyle Aviation Partners, which is the aircraft financing unit of the Carlyle Group. The lessors have valued the airline’s share at Rs 48 per equity share. This is higher than the current share price of the airline which is trading at Rs 29 at the stock exchange. Further to this, the airline has plans to issue equity shares of 20% to its promoter, Ajay Singh, who will acquire his stake at Rs 10 per share against an infusion of Rs 500.
