| India's second largest low-fare airline is in talks with private equity funds, an Oman-based sovereign wealth fund (SWF) and foreign airlines as well as an Indian conglomerate for selling a minority stake to fund its expansion plans. SpiceJet has started fresh rounds of talks, but is yet to finalise any deals, according to a report in an Indian newspaper.
"There are a few Middle-Eastern funds, including Oman Investment Fund, currently talking to the company. In all likelihood, it will be a strategic investor who will do the transaction, with backing from private equity investors," the Indian paper quoted as saying by a person directly involved in the talks...............................................Full Article: Source
|