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Promoter stake hike to bode well for SpiceJet: ICICI Direct

Rasesh Shah, aviation analyst at ICICI Direct joins CNBC-TV18 to talk of the cause-effect of the stake hike by the promoter. He says that SpiceJet was looking for funds to finance their expansion plans and considering the high interest rate scenario, a promoter stake hike was the best solution.

first published: Sep 13, 2011 12:27 pm

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