Tuesday, December 12, 2006

SpiceJet to issue equity worth $80 mln

New Delhi: Budget airline SpiceJet Ltd. said on Tuesday it would issue equity worth about $80 million on preferential basis to 5 investors.
Earlier in the day, the company said it had received investment proposals worth $118.5 million from Indian and domestic investors.
Tata group firm Ewart Investments had offered to invest $16 million and Tata Investment Corp. Ltd. $1.2 million. Texas Pacific had offered $30 million, Dubai Investment firm Istithmar $25 million and Goldman Sachs had offered $ 5 million, SpiceJet said in a statement.
12/12/06 Reuters/NDTV.com