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Akasa Air, Indias newest airline backed by late billionaire Rakesh Jhunjhunwala, is looking to raise $75-100 million by offering fresh shares to expand its business, people with knowledge of the matter said. ....
Akasa Air wants to use the funds to make pre-delivery payments for its order of 72 Boeing 737 Max jets, of which 19 have been delivered. The Jhunjhunwala family, which holds a 46% share in the airline, could see its shareholding diluted ....
The company is likely to raise approximately Rs 2,500 core via issuance of 15 per cent equity. It will only be offer (OFS) with no fresh issue, according to media reports, , rare enterprises, IKS Health, rakesh jhunjhunwala ....
Rakesh Jhunjhunwala passed away at the age of 62 on August 14, leaving his assets including investments in listed and unlisted firms mainly to his wife and three children. He was suffering from chronic kidney disease. ....