Lessor Carlyle to buy 5.9% stake in SpiceJet at 55% premium over current market price

Budget carrier SpiceJet has sought shareholders’ nod to issue 5.91% stake to Carlyle Aviation Partners at Rs 48 per share — against Wednesday afternoon price of about Rs 31 on BSE. This February, Carlyle, which is SpiceJet’s biggest aircraft lessor, had decided to convert part of its dues to the airline into equity shares and compulsorily convertible debentures (CCDs). It plans to convert dues of over $8 million into equity in the airline.