SpiceJet plans to raise Rs3.35bn:report

India Infoline News Service | Mumbai |

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.


***Note: This is a BSE Chart

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.