Jet Airways may raise 45 billion rupees via rights issue - Business Television India

(Reuters) - Debt-laden Indian carrier Jet Airways Ltd may propose to raise 45 billion rupees ($629.95 million) via a rights issue priced at between 125-150 rupees per share, Business Television India reported on Friday.

Jet said on Thursday its board had approved a rescue deal which will make lenders its largest shareholders and fix a near 85 billion rupee ($1.2 billion) funding gap.

($1 = 71.4340 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; editing by Darren Schuettler)