SpiceJet surges 8.5% on stake sale buzz

SpiceJet surges 8.5% on stake sale buzz Mumbai: Shares of SpiceJet on Tuesday climbed as much as 8.5 percent amid reports that the carrier was in talks with foreign carriers for stake sale.

Following the stake sale buzz, shares of the company opened higher and further zoomed 8.51 percent to Rs 47.80 on the BSE.

The stock had risen over 169 percent last year on stake sale hopes.

As per a media report, the company is reportedly in talks with some foreign carriers, including Gulf carrier Qatar Airways, and the deal could materialise this quarter.

Meanwhile, rally in the stock outperformed the stock market's gain where the Sensex was trading at 19,950.8, up 44.39 points.

PTI