SpiceJet scrip soars 13% on stake sale buzz

SpiceJet scrip soars 13% on stake sale buzz Mumbai: SpiceJet scrip Monday jumped 13 percent amid reports of stake sale, even as the company said it is pre-mature to comment on the possibility of any fresh equity issuance to any party and cannot confirm or deny the names that have appeared in the media.

After surging over 19 percent and hitting a one-year high of Rs 46.85 during the day, shares of the company finally ended at Rs 44.40, up 12.98 percent on the BSE.

As per media reports, SpiceJet is in talks with Malaysia's AirAsia Bhd to sell a minority stake.

In a statement the company said, "SpiceJet has been subject of several speculative reports appearing in the media during the last few months. While it is true that a few foreign airlines, investors have evinced interest in the company, it will be very pre-mature to comment on the possibilities of any fresh equity issuance to such interested parties.

"In line with our internal policy to not comment on market rumours, we cannot confirm or deny any of the names which have appeared in the media from time to time."

PTI