Private carrier Jet Airways is planning to raise US$200 mn in the coming 3-4 weeks through the QIP route, according to a report.
The report stated that the first tranche of funding would be through placement of shares with institutions.
Jet’s total debt as of December 2009 stands at Rs 142bn and the company’s debt-equity ratio is about 7:1, report adds.
The report also stated that airline has not yet finalised lead managers for the QIP placement.