Low-cost carrier SpiceJet will receive about $65 million (about Rs 260 crore) within a week as the second tranche of investment by US private equity firm WL Ross and Co and by Goldman Sachs.
Wilbur Ross had earlier agreed to invest $80 million in the Delhi-based carrier by buying out its foreign currency convertible bonds from Goldman Sachs Group Inc of the US and Istithmar PJSC, a UAE-based investment house. He also managed to get Goldman to invest $20 million in SpiceJet. The investment was to be made in two tranches.
"The second tranche of about $65 million will be received within a week," SpiceJet Director Kishore Gupta said.
He also said that both Ross as well as India head of WL Ross and Co Ranjeet Nabha will join the airline's board as soon as security clearance is given by the government.
