 "SpiceJet nears 52-week high on talk of stake sale")
Shares of SpiceJet rallied nearly 6% to Rs 25.30, extending their previous day’s 3% gain on the BSE, after the company said that a few parties approached it and evinced interest in making investments.
However, since the deliberations with such prospective investors are at an exploratory and preliminary stage it will be improper to comment on the specifics of any possible stake sale or the valuation of the company at this stage, SpiceJet said in a BSE filing.
The company made the statement in response to a news article in the Economic Times on July 24, 2015 captioned "SpiceJet, Qatar Talks may lead to stake sale."
SpiceJet further clarified that the company has not entered into any interline arrangement with any other airline as reported in the article.
The stock hit a high of Rs 25.50 and is now slightly away from its 52-week high of Rs 25.70 touched on February 25, 2015 on the BSE.
Till 12:03 PM, around 3.97 million shares changed hands on the counter as against an average 4.58 million shares that were traded daily in the past two weeks on the BSE.
However, since the deliberations with such prospective investors are at an exploratory and preliminary stage it will be improper to comment on the specifics of any possible stake sale or the valuation of the company at this stage, SpiceJet said in a BSE filing.
The company made the statement in response to a news article in the Economic Times on July 24, 2015 captioned "SpiceJet, Qatar Talks may lead to stake sale."
SpiceJet further clarified that the company has not entered into any interline arrangement with any other airline as reported in the article.
The stock hit a high of Rs 25.50 and is now slightly away from its 52-week high of Rs 25.70 touched on February 25, 2015 on the BSE.
Till 12:03 PM, around 3.97 million shares changed hands on the counter as against an average 4.58 million shares that were traded daily in the past two weeks on the BSE.