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SpiceJet shares surge over 3% amid stake sale reports

Last Updated: Friday, October 18, 2013 - 17:49

Mumbai: Shares of SpiceJet on Friday rose by over 3 percent on BSE amid media reports that the airline is in stake sale talks with a foreign carrier.

After surging 7.26 percent to Rs 22.15 in intra-day, the budget carrier's scrip ended the day at Rs 21.35, up 3.39 percent from its previous close on the BSE.

On volumes front, 82.25 lakh shares of the company changed hands on BSE.

"Qatar Airways is in talks with SpiceJet for a possible acquisition of 24 percent stake in the Indian low-cost airline," media reported.

Meanwhile in a clarification to the BSE, SpiceJet today said: "We wish to reiterate that a few investors have evinced interest in the company post Government of India allowing FDI in civil aviation sector to foreign airlines, it will be improper and pre-mature to comment on the possibilities of any fresh equity issuance to such interested parties or confirm/ deny names of any specific entity."

The airline further added that it is misconceived to say that the company is in talks with Qatar Airways for possible stake sale. These are speculative media reporting, it noted.

First Published: Friday, October 18, 2013 - 17:46
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