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Private Equity | 6 July 2010

Dubai's Istithmar Exits SpiceJet for $25.3 Mn

by Jarna Gandhi
 
@jarna

Dubai's Istithmar has exited by selling its entire 6.9% stake in SpiceJet Ltd for $25.3 Mn.

The investment arm of Dubai World sold 22.14 Mn shares to clutch of investors at an average price of Rs 53.52 per share.

Bank of America Merrill Lynch was the sole arranger of the transaction.

Transaction Reference: DNA


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