Nov 21, 2012, 11.35 AM | Source: Moneycontrol.com
Shares of SpiceJet rose around 2.29% to Rs 35.75 on reports of a likely stake sale by the company.
However, S.L. Narayanan, the group CFO of Sun underplayed reports that a stake sale of SpiceJet is on cards. He told a television channel that Maran quit Kal Airways to only reduce the number of directorship he holds and potential sale talks are not even at an exploratory stage.
Kal Airways along with Marans hold over a 48 percent stake in SpiceJet