SpiceJet's 3,000-cr QIP oversubscribed

SpiceJet is now looking at a lifeline with its crucial fundraising exercise learnt to be finding favour with investors. The airline's Rs 3,000-crore QIP has been oversubscribed, say sources.

The likely investors include institutional funds like Tata Mutual Fund, Bandhan Bank, Discovery Fund, Plutus, Jupiter Fund Management and Think Investments.

Family offices of ace investors Madhu Kela, Akash Bhanshali, Sanjay Dangi and Rohit Kothari are also learnt to have subscribed to the QIP.

Source: Times of India