Wednesday, July 21, 2010

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SpiceJet looking at rights issue in Sept-Oct

Wednesday, July 21, 2010
The new management of budget airline SpiceJet Ltd is considering a rights issue after the open offer of media baron Kalanithi Maran closes on Aug. 25, DNA Money said on Wednesday, citing two sources familiar with the development.
The airline is looking at coming out with the issue around September or October, the newspaper quoted one of the sources as saying.
SpiceJet looking at rights issue in Sept-Oct
A second source told the paper the firm was looking at raising USD 50-USD 60 million.
A spokesperson for SpiceJet did not immediately offer any comment when contacted by Reuters.
21/07/10 Moneycontrol.com
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