Wednesday, February 14, 2007

SpiceJet raises Rs 2967.1 mn via equity issue

SpiceJet said that the company successfully raised Rs 2967.10 million through issue of 56,312,290 equity shares at Rs 52.69 of Rs 10 each at a premium of Rs 42.69 a share.
The company has allotted shares to Ewart Investment, Tata Investment Corporation, BNP Paribas Arbitrage Fund, Istithmar PJSC and KBC Financial Products (UK).
Spicejet was incorporated in 1984 in the name of Genius Leasing Finance and Investment. 1993 onwards, it ventured into domestic aviation operations. The company went defunct and suspended its operations in 1996. It restarted operations in 2005 under the name of Spicejet.
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