Private Equity Other Private Equity/Strategic Investments
Rakesh Jhunjhunwala looks to invest in new airline Akasa
Well known stock market investor Rakesh Jhunjhunwala plans to invest up to USD 35 million in a new low-fare airline venture that is to be led by Vinay Dube, former CEO of Jet Airways. The airline is looking to raise USD 100 million of funding initially.