Profit

SpiceJet in talks with US investor for stake sale

PUBLISHED ON: July 8, 2008 | Duration: 2 min, 04 sec

  
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The SpiceJet stake sale deal seems to be getting spicier with billionaire US based investor Wilbur Ross confirming to NDTV that he is indeed in talks to buy a stake in the company. The king of good times Vijay Mallya, the other prospective buyer, may need to match Wilbur Ross's offer to get back into the deal. SpiceJet has been looking for an investor in the company for quite some time to raise about $100 million by issuing fresh equity.
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