Various fund houses are reportedly looking at picking up stake in SpiceJet and have submitted proposals for a possible investment in India's second largest low-cost carrier.
Reports state that the proposals come at a time when some of the airline's existing shareholders are looking to exit.
SpiceJet is currently holding roadshows to raise US$75mn through a share sale as it gears up to launch international flights, reports added.
Wilbur L. Ross, as well as UK-based Bhupendra Kansagra, who holds 12.89% in SpiceJet, and a few others are looking to exit the carrier, reports said. Ross holds 32% in Spicejet.
However, Kansagra denied any such move to a business daily and says he plans to remain invested in SpiceJet.