Last Updated: August 03, 2022, 09:40 IST
Budget carrier SpiceJet is said to be inactive talks with a middle eastern aviation company for a possible sale of stake, multiple reports said on Wednesday, August 3. The big middle eastern company has expressed its interest to buy 24 per cent stake at SpiceJet and get a seat at the board of the company, the report said.
As per reports by ET Now and CNBC TV18, SpiceJet is also in talks with a large Indian conglomerate, which has approached the carrier’s promoter Ajay Singh for a stake sale. Singh currently holds 60 per cent stake at SpiceJet.
“The company continues to be in discussions with various investors to secure sustainable financing,” a SpiceJet spokesperson was quoted as saying by CNBC TV18. The spokesperson further added that the company will make “appropriate disclosures in accordance with applicable regulations”.
(Details to be added soon)