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Jet refutes reports of likely merger with Tata SIA Airlines as speculative

Jet Airways said it was unable to comment on the reasons for the increase in its share price

IANS  |  Mumbai 

Jet Airways

Dismissing the recent reports of a likely merger with Tata SIA Airlines, on Thursday said the is "purely speculative" and that there was no such discussion in the company's board.

Tata SIA Airlines, a joint venture between Tata Group and Singapore Airlines, operates airline company Vistara.

"The subject is purely speculative in nature and that there are no discussions or dicisions by the Board...," said in a regulatory filing.

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About the surge in its share price, which analysts and investors attributed to the reports of the likely merger, said it was "unable to comment on the reasons for the increase in its share price".

On Wednesday, the share price of Jet Airways rose Rs 63.20 or 24.52 per cent to close at Rs 320.95 per share.

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First Published: Thu, November 15 2018. 22:22 IST