Budget carrier SpiceJet’s shares closed up 7.94 per cent on the BSE, while the carrier denied that it was in talks with Kuwait Airways to offload 25 per cent stake.
“We reiterate that few investors have evinced interest in the company post Government of India allowing FDI (foreign direct investment) in civil aviation sector to foreign airlines. It will be very pre-mature to comment on the possibilities of any fresh equity issuance to such interested parties or confirm or deny names of any specific entity,” SpiceJet said in a statement.
“We would like to reiterate that these are speculative media reporting,’’ it added.
According to certain media reports, Kuwait’s national carrier Kuwait Airways had entered the fray to buy a stake in Kalanithi Maran-promoted SpiceJet Ltd.
The carrier’s share prices, which crossed 8 per cent during the day, closed up at Rs 29.90 on the BSE.