Date:12/08/2008 URL: http://www.thehindu.com/2008/08/12/stories/2008081254941600.htm

Business

Goldman, WL Ross to invest in Spicejet

MUMBAI: Low cost carrier Spicejet on Monday said U.S.-based private equity company WL Ross & Co LLC ($80 million) and Goldman Sachs ($20 million) had agreed to invest together $100 million (over Rs. 420 crore) in the company. WL Ross is one of the largest and the most experienced investors in the world.