Spicejet Ltd has informed that the Company, its shareholders RHSL, Istithmar and Ajay Singh and Goldman Sachs, in its capacity as a bondholder of the Company, on August 11, 2008 have entered into definitive agreements with WL Ross & Co. LLC. This will result in infusion of approximately USD 100 Million in the Company for its business requirements.
Furthermore, Goldman Sachs has agreed to subscribe to equity warrants of the Company under the preferential issue guidelines of SEBI subject to receipt of requisite approvals.
Furthermore, Goldman Sachs has agreed to subscribe to equity warrants of the Company under the preferential issue guidelines of SEBI subject to receipt of requisite approvals.
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