SpiceJet adds 18% on Ajay Singh's partial stake sale buzz; up 41% in 4 days

A big Middle Eastern airline has expressed interest to pick a 24 per cent stake and a board seat in SpiceJet, reports said

Shares of SpiceJet moved higher by 18 per cent to Rs 52.40 on the BSE in Wednesday's intra-day trade amid heavy volumes on report that the company's promoter Ajay Singh is exploring possibility of a partial stake sale in the company. Currently, Ajay Singh and his family hold 59.40 per cent stake in SpiceJet.

At 11:36 AM, stock of the airline company was trading 16 per cent higher at Rs 51.60, as compared to 0.52 per cent decline in the S&P BSE Sensex. Trading volumes on the counter jumped over six-fold with a combined 30.12 million equity shares having