SpiceJet chairman Ajay Singh offloads ₹52 cr worth of shares as stock slides over 6%
Mumbai: SpiceJet Chairman and Managing Director Ajay Singh Thursday offloaded 1,15,38,462 shares, representing approximately 0.9% of the company’s total equity, reported Moneycontrol.
The shares were sold at an average price of ₹45.34 per share, amounting to a total transaction value of ₹52 crore.
As per exchange data as of December 31, 2024, promoters held a 29.13% stake in the airline. SpiceJet shares tumbled over 6% to ₹45.48 on Thursday, extending their losing streak for the fourth consecutive session, the report said.
Key Block and Bulk Deals on March 13:
Gensol Engineering Ltd: Mansi Share and Stock Advisors Pvt Ltd sold 56,150 shares at ₹262.25, while Virtue Financial Services offloaded 4,40,492 shares at ₹265.72, amounting to 1.31% of the total stake. The stock declined 5% through the session.
LKP Securities Ltd: Promoter LKP Finance Ltd sold 65,21,725 shares, acquired by L K Panday at ₹20.5 per share, totaling ₹13.38 crore (7.96% stake).
Zim Laboratories Ltd: Mathew Cyriac and Elizabeth Mathew sold 39,95,324 shares each at ₹81.71, representing 8.2% of the stake, valued at ₹32.66 crore. The stock dipped 1.55%.
Moksh Ornaments Ltd: Investi Global Opportunity Fund PCC - Cell 1 acquired 6,00,000 shares at ₹12.65, trading 1.91% of the stake for ₹74.47 lakh. The stock fell 1.18%.
Ashapura Logistics Ltd: LC Radiance Fund VCC and Kingsman Wealth Fund PCC - KIF II each bought 70,000 shares at ₹75.5, with 0.77% of the stake traded for ₹52.85 lakh. The stock declined 3.5%.
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