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No talks with SpiceJet on stake sell-out: IndiGo

No talks with SpiceJet on stake sell-out: IndiGo
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First Published: Tue, Apr 21 2009. 12 09 AM IST
Updated: Tue, Apr 21 2009. 12 09 AM IST
New Delhi: Premier no-frills carrier IndiGo said on Monday there is no truth in reports that SpiceJet Ltd is acquiring a 7.5% stake in it.
“Over the last few days, there has been speculation and rumours that IndiGo is in talks with certain airline(s) regarding a possible merger or an equity sale. As a matter of company policy, we do not comment on market rumours. However, on this occasion, we feel it necessary to categorically state that there is absolutely no truth or basis to any of these rumours, market speculation or media reports,” IndiGo president Aditya Ghosh.
SpiceJet chief executive officer Sanjay Agarwal had also refused to comment on “such rumours and speculations”.
Shares of SpiceJet fell 8.61% to close at Rs16.66 on the Bombay Stock Exchange, where the benchmark index fell 0.40%. SpiceJet had seen a massive surge after reports of a possible buyout in Friday’s trade.
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First Published: Tue, Apr 21 2009. 12 09 AM IST