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Home » Private Equity » Airlines / Autos » UPDATE: Istithmar Exit deflates SpiceJet's Capital Raising Plans |
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UPDATE: Istithmar Exit deflates SpiceJet's Capital Raising Plans
by Kaushal Trivedi | February 06,2010 - 01:31 PM
Topics : Private Equity
Industries : Airlines / Autos
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SpiceJet is looking to raise between $50-75 million and has appointed Edelweiss to find a strategic investor. News comes after Istithmar's open market sale.
Sun TV promoter Kalanithi Maran is one of the investors being solicited, according to ET. Mr Maran was earlier interested in buying into Star Aviation.
Istithmar's sold 13.39% in SpiceJet through open market yesterday. This has affected SpiceJet plans. Istithmar still holds 8.5% in the company through FCCB's. The company calls this a show of confidence in the by Istitmar in SpiceJet.
Link to Original Dealcurry Article.
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| Latest DealCurry Notes |
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PE Fund SIDOFI Communication To Buy 10% In Asianet
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September 07, 2010, 10:48 AM | Deeshesh Chheda
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Mauritius-based private equity fund SIDOFI Communication Investment is set to acquire nearly 10% stake in Kerala-based broadcaster Asianet Communication Limited (ACL), which is backed by leading broadcaster Star TV India.
SIDOFI will buy this stake from another Mauritius-based private equity fund Americorp Ventures. Americorp bought 9.33% stake in Asianet in 2005 for Rs.6.6 crore valuing Asianet at Rs.70 crore.
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