Wednesday, January 16, 2013

Spicejet confirms interest from foreign investors; shares soar


Mumbai: Amid reports of Gulf carrier Qatar Airways holding talks to acquire stake in SpiceJet, the Indian low-cost carrier today said some foreign players have evinced interest in the company but did not name its suitors.
"Though few investors have evinced interest in the company post government allowing FDI in civil aviation sector to foreign airlines, it will be very pre-mature to comment on the possibilities of any fresh equity issuance to such interested parties or confirm, deny names of any specific entity," Kalanithi Maran-led Sun Group entity SpiceJet said in a BSE filing.
The company made the statement following reports that Qatar may buy equity stake in SpiceJet, which also fuelled a strong rally in its share price.
16/01/13 PTI/Economic Times
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