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SpiceJet plans to raise Rs3.35bn:report

India Infoline News Service | Mumbai | April 21, 2010 08:57 IST

The report stated that the airline has its board’s approval to raise US$50-75 mn to fund its international expansion.

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.

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