SpiceJet: Not in Talks With TPG Capital for Stake Sale

Mumbai: Low-fare Indian carrier SpiceJet Ltd. Tuesday said it isn't in discussions with TPG Capital for a stake sale, reacting to a newspaper report published Monday.
"The company is not in discussions with TPG for [a] stake sale and further, it cannot comment on market rumors and speculative reporting," India's second-largest budget airline by market share said in a filing to the Bombay Stock Exchange.
The Economic Times Monday reported that the private equity firm is in talks to buy a minority stake in the airline, citing two unnamed sources.
23/08/11 Anirban Chowdhury/Wall Street Journal

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Categories: spicejet Aug 2011