Kalanithi Maran-owned budget carrier SpiceJet has shortlisted three foreign investors to raise $100-150 million by way of equity dilution and/or debt, CNBC-TV18 reported quoting sources.
According to the report, the shortlisted investors include foreign airlines.
After the government allowed foreign airlines to pick up stakes in their Indian counterparts, there have been a flurry of rumours about likely deals.
Abu Dhabi-based Etihad Airways is expected to take a decision on its Indian investment next week. Two debt-ridden Indian airlines, Jet Airways and Kingfisher Airlines, are vying for investments from Etihad.
02/01/13 First Post.com
