Business Standard

SpiceJet gains on stake sale report

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

SI Reporter  |  Mumbai 

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.

RECOMMENDED FOR YOU

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

LIVE MARKET

BSE 26392.38

161.19 (0.61 %)

NSE 8001.95

53.00 (0.67%)

Widgets Magazine

STOCK WATCH

Company Price() Chg(%)
Future Consumer 16.15 11.76
Kolte Patil Dev. 164.95 10.30
Vakrangee 118.45 9.88
PC Jeweller 384.50 9.34
Gateway Distr. 361.20 7.32
> More on BSE Gainers
Company Price() Chg(%)
Future Consumer 16.25 12.07
Kolte Patil Dev. 166.00 11.00
Vakrangee 118.35 9.89
L G Balakrishnan 491.15 8.78
Gateway Distr. 363.50 8.33
> More on NSE Gainers
Company Price() Chg(%)
Sunrise Asian 260.70 -9.98
Symphony 2083.30 -6.39
I O B 34.95 -5.41
Indbull.RealEst. 62.55 -5.01
H D I L 59.95 -4.99
> More on BSE Gainers
Company Price() Chg(%)
Rasoya Proteins 0.20 -20.00
Usha Martin 15.25 -5.86
I O B 35.35 -5.73
GHCL 115.70 -5.47
Gammon India 13.90 -5.12
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price