US billionaire invests Rs 345 crores in SpiceJet

By ranjanp at 15 July, 2008, 12:38 am

U.S. billionaire investor Wilbur Ross, who made his fortune taking over bankrupt steel, coal and textile companies, will invest 345 crore rupees ($80 million) in SpiceJet Ltd., his first investment in an Indian airline. WL Ross & Co. will make the investment and Ross will join SpiceJet’s board, according to a statement by India’s second- [...]

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