SpiceJet rallies on stake sale reports

Posted By:
Subscribe to GoodReturns

SpiceJet rallies on stake sale reports
Spicejet: Quotes, News
BSE 71.30BSE Quote1.3 (1.82%)
Shares of the Kalanithi Maran controlled SpiceJet rallied more than three percent after media reports revealed that Kalanithi and Kavery Maran quit holding company (of SpiceJet) - KAL Airways.

Reports of stake sale and foreign airlines buying a stake in SpiceJet have been doing the report for quite sometime now. In September the government had cleared 49% FDI in aviation, after dilly dallying on it for a long time.

Analysts were than hopeful that foreign airline would pick a stake in Indian aviation companies, but, nothing has fructified so far.

Aviation companies in India are saddled with massive debts and losses.

GoodReturns.in

Read more about: spicejet
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'