SpiceJet's shares rise as much as 2.9 pct.
India's capital markets regulator (SEBI) settles a case against Chairman Ajay Singh over whether he violated disclosure rules when he bought shares from promoters in February 2015.
Singh had requested that the case be settled without admitting or denying SEBI's finding.
SEBI said on Monday it had accepted the proposed settlement terms that will have Singh pay 202,500 rupees (about $3,131).
SpiceJet's shares have risen about 70 pct this year, as of Monday's close.
($1 = 64.6700 Indian rupees)
