SpiceJet shares jump 8.5% on report of stake sale to Qatar Airways

Jan 15 2013, 12:37 IST
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SpiceJet shares surged 161 percent last year on expectations the carrier will eventually sell a stake to a foreign carrier.   (Reuters) SpiceJet shares surged 161 percent last year on expectations the carrier will eventually sell a stake to a foreign carrier. (Reuters)
SummaryThe stock had risen over 169 per cent last year on stake sale hopes.

Shares of Spicejet today climbed as much as 8.5 per cent in early trade amid reports that the carrier was in talks with foreign carriers for stake sale.

Following the stake sale buzz, shares of the company opened higher and further zoomed 8.51 per cent to Rs 47.80 on the BSE.

The stock had risen over 169 per cent last year on stake sale hopes.

As per a media report, the company is reportedly in talks with some foreign carriers, including Gulf carrier Qatar Airways, and the deal could materialise this quarter.

Meanwhile, rally in the stock outperformed the stock market's gain where the Sensex was trading at 19,950.8, up 44.39 points at 1155 hrs.

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