Business Standard

SpiceJet gains on stake sale report

Kalanithi Maran and his wife Kavery Kalanithi from the board of directors of Kal Airways

Related News

SpiceJet is trading higher by over 3% at Rs 35.95 on reports of stake sale of the company after the resignation of Kalanithi Maran and his wife Kavery Kalanithi from the board of directors of Kal Airways.

has a 32.32% stake in while Maran has 16. 27%. SpiceJet has been in talks with foreign airlines, including Etihad Airways and Emirates for a stake sale, for some time now,” the Financial Express report suggests.

However, S.L. Narayanan, the group CFO of Sun, has denied the report and said in an interview with TV channel that Maran quit Kal Airways to only reduce the number of directorships he holds. The media-to-aviation Sun group is headed by Kalanithi Maran.

The stock opened at Rs 35.15 and hit a high of Rs 36.25 on the BSE. Around 1.62 million shares have changed hands on the counter so far.

Read more on:   
|
|

SpiceJet gains on stake sale report

Kalanithi Maran and his wife Kavery Kalanithi from the board of directors of Kal Airways

SpiceJet is trading higher by over 3% at Rs 35.95 on reports of stake sale of the company after the resignation of Kalanithi Maran and his wife Kavery Kalanithi from the board of directors of Kal Airways.

SpiceJet is trading higher by over 3% at Rs 35.95 on reports of stake sale of the company after the resignation of Kalanithi Maran and his wife Kavery Kalanithi from the board of directors of Kal Airways.

has a 32.32% stake in while Maran has 16. 27%. SpiceJet has been in talks with foreign airlines, including Etihad Airways and Emirates for a stake sale, for some time now,” the Financial Express report suggests.

However, S.L. Narayanan, the group CFO of Sun, has denied the report and said in an interview with TV channel that Maran quit Kal Airways to only reduce the number of directorships he holds. The media-to-aviation Sun group is headed by Kalanithi Maran.

The stock opened at Rs 35.15 and hit a high of Rs 36.25 on the BSE. Around 1.62 million shares have changed hands on the counter so far.

image

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Recommended for you

Quick Links

Market News

Nickel rises by 0.1% on Asian cues

Traders strengthened positions amid a firming Asian cues

Oil prices rise further in Asia

Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

Pharma shares in focus; Aurobindo Pharma hits new high

JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

Infinite Computer gains on board approval for share buyback proposal

The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

 

Back to Top