Not aware of spouses of execs floating airline: SpiceJet

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₹2.1 crore, and the total paid-up capital is ₹10 lakh. The available data mentions Meenakshi Kashyap and Ajay Bhatia as the two directors of Sirius India Airlines. Meenakshi Kashyap is the wife of Arun Kashyap, the chief operating officer at SpiceJet.

Ajay Bhatia, is the husband of Shilpa Bhatia, the chief commercial officer at SpiceJet. For Bhatia, this is her third stint at the airline, and she oversees areas of revenue management, sales and network planning. She also directly reports to Singh under the current designation.

“This information was not known to the airline and to the CMD. So far, it has been determined that it is not a development which warrants action, but discussions have taken place. The exact motive for the formation of this new company is not known to SpiceJet as a company, but it has been told to the concerned executives that they are required to keep the airline informed about any development, if and when, that takes place related to Sirius India," an official told Mint on the condition of anonymity.

On Monday, SpiceJet shares witnessed an 11% decline, reaching ₹38.72 apiece, before ending 8.5% down at ₹39.89 on BSE. The stock exchange had sought clarification from the airline on the stock price spike on Friday. ‘There is no pending information or announcement from the company which may have a bearing on the price behaviour in the securities of the company except submission of un-audited financial results of the Company for the quarter and half year ended 30 September 2023 with stock exchange which shall be declared by the company within the prescribed timeline," SpiceJet said in its response."Exciting news! Mint is now on WhatsApp Channels