India's second largest low-fare carrier, SpiceJet Ltd, is seeking to raise USD 75 million by selling new shares as it prepares to start international services, the Mint newspaper reported on Thursday.
SpiceJet Chief Executive Officer Sanjay Aggarwal confirmed the development, without divulging details, the paper reported.
"We are in the process of raising capital anywhere between USD 50 and USD 75 million," Sanjay Aggarwal was quoted by the paper as saying.
"But it is too premature to comment about the fund-raising details," he added.
Source: MoneyControl
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