SpiceJet shares surge 8.1 percent even after the airline denies a news report from vccircle.com that Kuwait Airways was looking to pick up a nearly 25 percent stake in the budget airline.
Also Read: Airlines to stick with Boeing Dreamliner after fire"The news report suggesting that a stake sale in SpiceJet is being considered to induct Kuwait Airways as a strategic partner is totally untrue and without any substance," SpiceJet said in an emailed statement.
SpiceJet had said in January it received some interest from potential investors, but it would be premature to discuss the possibility of any concrete investments.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
