SpiceJet has soared 10% to Rs 27.55 on reports that on reports that the company is in advanced negotiations for a stake sale to a foreign airline.
Kalanithi Maran-promoted, low-cost carrier SpiceJet is in advanced stage of discussion with a potential investor for stake sale and expects the negotiations to be concluded soon, the PTI report suggests.
In a BSE filing, SpiceJet had earlier this month said a few investors have evinced interest in the company post Government of India allowing foreign direct investment (FDI) in civil aviation sector to foreign airlines.
The stock opened at RS 25.80 and touched high of Rs 28 on BSE. Around 3.8 million shares have already changed hands till 1056 hours against an average 2.5 million shares that were trading daily in past two weeks.
Kalanithi Maran-promoted, low-cost carrier SpiceJet is in advanced stage of discussion with a potential investor for stake sale and expects the negotiations to be concluded soon, the PTI report suggests.
In a BSE filing, SpiceJet had earlier this month said a few investors have evinced interest in the company post Government of India allowing foreign direct investment (FDI) in civil aviation sector to foreign airlines.
The stock opened at RS 25.80 and touched high of Rs 28 on BSE. Around 3.8 million shares have already changed hands till 1056 hours against an average 2.5 million shares that were trading daily in past two weeks.