Ross flies out of SpiceJet
Leading US investor Wilbur Ross has exited from the 30% stake his WL Ross & Co. investment group held in Indian budget airline SpiceJet for $127 million, yielding a substantial profit after just under two years in the asset.
Ross originally invested in SpiceJet in July 2008, paying around $80 million. Sun TV Networks head Kalanithi Maran, long regarded as eager to enter the sector, picked up the stake, along with a further...
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