Jet Airways to raise funds worth USD 400 mn

Jet Airways, one of the leading private airline services in India, today said that the company is planning to raise funds for an amount not exceeding USD 400 million in the course of one or more domestic and/or International offerings.
The company has proposed to raise funds by way of qualified institutional placement /global depository receipts , foreign currency convertible bonds and other securities as considered appropriate.
Besides meeting working requirements of the company, Jet Airways plans to use the funds to capitalize the company adequately.
20/10/09 Myiris.com

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Categories: Foreign Oct 2009, Jet Airways Oct 2009