SpiceJet shares surge on stake sale buzz


MUMBAI
Shares of SpiceJet jumped over 8 per cent on August 7 following reports that the company is in active discussions with Singapore-based budget carrier Tigerair for a possible stake sale.

Reacting to this, shares of the company made a bullish opening on BSE and further surged 8.1 per cent to Rs 27.35.

On the volume front, 21.41 lakh shares of the company changed hands on BSE.

No-frills carrier SpiceJet is in active discussions with Singapore-based budget carrier Tigerair for a possible stake sale even as they are set to sign a code share agreement soon, sources said.

Full report here Business Line

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