The National Stock Exchange and the BSE have sought clarifications from Kingfisher Airlines on reports that the carrier is in talks with foreign entities and domestic investors for stake sale.
Both bourses in separate notices today said they are awaiting the response from Kingfisher Airlines.
According to NSE, the media had reports that Kingfisher Airlines is in talks with foreign carriers as well as domestic investors to sell a stake.
"The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company," it said.
The BSE has also sought clarifications regarding stake sale from Kingfisher Airlines.
"The Exchange, in order to verify certain news articles appearing in the various news papers/websites/television channels and also to inform the members/investors with regard to the accuracy of the news articles, had sought clarification from the company (Kingfisher Airlines)," the bourse said in a separate notice.
On Wednesday, Kingfisher Airlines chairman Vijay Mallya had said the carrier was in talks with foreign airlines.
However, he did not provide details citing "privacy and confidentiality" reasons.
Shares of the company today climbed 8.03 per cent to close at Rs 16.96 on the BSE, after touching an intra-day high of Rs 17.18 -- its highest level in a month.
The stock had gained 9 per cent yesterday as well, after Mallya said the air carrier is in talks with foreign airlines for possible stake sale.
In NSE too, shares of Kingfisher jumped about 8.60% to close today at Rs 17.05.
The carrier, which is deep in the red, is in talks with its lenders to thrash out revival plan.
Kingfisher Airlines owes over Rs 7,000 crore to 17 banks in the long-term debt and has accumulated losses of around Rs 8,000 crore.
