Carlyle Aviation Management Limited, on behalf of various entities, has disclosed the sale of a significant portion of its equity shares in SpiceJet Limited. The disclosure, made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was filed with BSE Limited.
The entities involved in the sale include SASOF III (E) Aviation Ireland Designated Activity Company, SASOF III (C) Aviation Ireland Designated Activity Company, Fly Aircraft Holdings One Limited, Citrine Aircraft Leasing Limited, Fly Aircraft Holdings Seven Limited, SASOF III (A19) Aviation Ireland Designated Activity Company, SASOF III (A13) Aviation Ireland Designated Activity Company, SASOF II (J) Aviation Ireland Limited, and SASOF III (A6) Aviation Ireland Designated Activity Company. Collectively referred to as the “Sellers,” these entities are managed by Carlyle Aviation Management Limited.
Prior to the sale, the Sellers held a total of 48,123,186 equity shares in SpiceJet, representing 3.75% of the company’s total share capital and 3.18% of its diluted share capital. Between September 17, 2024, and September 23, 2024, the Sellers sold 18,152,126 equity shares, reducing their collective holding to 29,971,060 shares, now representing 2.34% of SpiceJet’s total share capital and 1.98% of its diluted share capital.
