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SpiceJet says not in talks with TPG for stake sale

SpiceJet says not in talks with TPG for stake sale
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First Published: Tue, Aug 23 2011. 12 52 PM IST
Updated: Tue, Aug 23 2011. 12 52 PM IST
Mumbai: Indian low-fare airline SpiceJet said on Tuesday the company was not in discussions with private equity firm TPG Capital for stake sale.
On Monday, shares in budget carrier SpiceJet had risen almost 5% after the Economic Times newspaper reported that TPG Capital was negotiating to buy a minority stake in the company.
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First Published: Tue, Aug 23 2011. 12 52 PM IST
More Topics: SpiceJEt | TGP | Stake sale | PE | Private equity |