Loading
16-Oct-2009 11:27 AM

SpiceJet reportedly planning to raise USD43 million

SpiceJet is reportedly planning to raise USD43 million in fresh capital before the end of the current financial year, by issuing foreign currency convertible bonds (FCCBs) or obtaining banks loans (Economic Times, 16-Oct-2009). CEO, Sanjay Aggarawal, stated that “any cash the company might raise will be used to build reserves or to grow the airline.”  

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More