SpiceJet to raise up to USD75m through share sale

SpiceJet announced plans to raise up to USD75 million through a share sale in India or abroad, with the board of directors approving the proposal (Reuters, 25-May-2010).

SpiceJet: "With yesterday's board approval, more options become available to us, because in the past we were only looking at preferential. We continue to receive proposals from investors. We continue to evaluate them but so far the company has not made any decision," Sanjay Aggarwal, CEO. Source: Reuters, 25-May-2010.