Jet Air members to meet Sep 24 to clear fund raising

Mumbai: Jet Airways India on Monday said it will raise $ 400 million through various funds raising routes.
The shareholders of the company would meet on September 24 in order to consider funds raising proposal approved by the board of directors of the company, Jet Airways India said in a filing to the Bombay Stock Exchange (BSE).
The company would raise $ 400 million by private placement of shares with qualified institutional buyers or by Global Depository Receipts (GDRs), American Depository Receipts (ADRs) and Foreign Currency Convertible Bonds (FCCBs), the filing added.
31/08/09 PTI/Business Line

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Categories: Jet Airways Sep 2009