SpiceJet Block Deal: Authum Investment clarifies selling part of promoter pledge

Shares of SpiceJet Ltd. are expected to remain in focus on Friday, February 27, after Authum Investment invoked pledged shares amounting to a 6.8% stake in the airline.

In a stock exchange filing, Authum said it acquired 10.37 crore equity shares of SpiceJet on February 25 through the invocation of pledged shares tied to outstanding dues of Spice Healthcare Pvt. Ltd.

The shares, originally held by promoter Ajay Singh, were pledged as security against the borrower’s obligations. Following the invocation, the entire 10.37 crore shares were transferred to Authum’s demat account.
Of these, 6 crore shares have already been sold, while 4.37 crore shares, representing a 2.86% stake, continue to remain in the dematerialised account as ongoing security.

SpiceJet, incorporated in December 1984, operates domestic and international passenger and cargo services. The airline reported a turnover of ₹5,326 crore for FY25.

The stock ended 9.81% higher at ₹15.90 on Thursday. However, despite the recent uptick, shares are still down 47% so far in 2026.