Spicejet to raise $75 million through share sale

Budget carrier SpiceJet Ltd plans to raise up to $75 million through share sale in India or overseas, its chief executive said on Tuesday, without giving a timeframe.                                           
 

"The board's approval for ADR, GDR or QIP has given us additional route to raise fund. We still do not rule out preferential allotment," Sanjay Aggarwal told Reuters over the telephone.                                            
 

He said the company was at present considering some proposals from investors for preferential allotment also.