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Low-cost air carrier SpiceJet is planning to raise around US$75 mn (Rs 3.35bn) and has given the mandate to IDFC-SSKI for raising funds through preferential allotment of shares and strategic sale, accoridng to a report.
The report stated that the airline has its board’s approval to raise US$50-75 mn to fund its international expansion.
The airline will begin flying abroad from June, with flights to Kathmandu in Nepal, Dhaka in Bangladesh and Colombo in Sri Lanka.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.