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
Net Sales are expected to increase by 20.3 percent
In one of the biggest deals in the Indian aviation
With fuel burn at 20 percent less than the existin
The stock has seen a steady recovery ever since ch
After long drawn discussions, SpiceJet is all set