SEBI Halts Elara Capital’s Rs 400 Cr SpiceJet Warrant Conversion

SEBI has stopped Elara Capital from converting warrants worth Rs 400 crore into shares of SpiceJet. This means Elara won’t be able to turn those warrants into company stock for now. In response, Elara Capital has filed an appeal with the Securities Appellate Tribunal (SAT) to challenge SEBI’s decision. This issue could have a big impact on SpiceJet’s financial health and might affect how investors view the company’s future.