SpiceJet Rises in Mumbai on Report of Deal With Kingfisher

SpiceJet Ltd., a discount airline partly owned by the Tata Group, rose the most in almost a month after the Business Standard reported that the carrier is close to finalizing a share-swap deal with Kingfisher Airlines Ltd.
SpiceJet rose as much as 12 percent to 25.9 rupees in Mumbai. SpiceJet's stockholders are expected to get one share of the merged entity for every three shares owned, Standard said today without saying where it got the information.
Siddhanta Sharma, SpiceJet's chairman, declined to comment on the report.
04/07/08 Vipin V. Nair/Bloomberg

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Categories: Kingfisher Jul 2008, SpiceJet Jul 2008