Ajay Singh injects $36M into SpiceJet, boosting ownership and aiding financial recovery.

Ajay Singh, founder of SpiceJet, plans to inject ₹294 crore into the airline by converting warrants into equity shares, raising the promoter group's shareholding to 33.47%. This move aims to strengthen SpiceJet's financial position and support its growth strategy. Recent improvements include clearing pending salaries and GST dues, and raising ₹3,000 crore through a Qualified Institutional Placement.