SpiceJet plans to raise funds from #privateequity firms #TENarasimhan #GireeshBabu #Chennai@bsIndia @resilient_ent

Said to be in talks with Blackstone and Bain Capital, among others

Low-cost carrier SpiceJet Ltd is planning to raise funds from private equity (PE) companies such as The Blackstone Group and Bain Capital, and other potential investors including foreign airlines.

“Various investors, including some PE funds, have approached SpiceJet, and we are in talks with them. As of now, we have not finalised any deal, but if everything goes well, we may enter into a mutually beneficial deal,” said a SpiceJet spokesperson, while refusing to name any of the potential investors.  

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