Millennium Post

SpiceJet stake sale reports propel its stock by 15%

Shares of Spicejet soared nearly 15 per cent on Friday amid reports of stake sale by the Sun group which owns the airline. Spicejet's scrip zoomed 14.96 per cent to settle at Rs 16.06 on the Bombay Stock Exchange (BSE). During the day, it jumped 19.97 per cent to Rs 16.76.

On the volume front, 219.83 lakh shares of the company changed hands on the Bombay Stock Exchange during the day.

The Bombay Stock Exchange has sought clarification from the company with respect to the media report stating that Spicejet is to sell part/complete stake to an investor.

According to media reports, Sun Group may have finally finalised an investor for partially or completely offloading its stake in SpiceJet. Kal Airways and Kalanithi Maran together hold 53.48 per cent stake in SpiceJet.
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