Investors talk to Sebi on Spicejet

New Delhi: Signalling an imminent change in SpiceJet’s ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with markets regulator Sebi over their investment plan for the cash-strapped airline.

Sources said investors are consulting Sebi with regard to various regulations applicable to a listed company in case of fresh infusion of funds by entities other than existing promoters, as also about the change in ownership and management.

Besides, the investors are also seeking regulatory guidance about applicability of open offer and takeover code related norms, as well as about classification of promoter and public shareholders in a listed company, sources added.

It is being anticipated that the investment plan for SpiceJet could involve complete exit of Kalanithi Maran-led group as promoters of the airline, if not immediately then over a period of time, sources said.