SpiceJet promoters not interested in selling stake: director

SpiceJet promoters not interested in selling stake: director

Mumbai: Promoters and larger shareholders of budget carrier SpiceJet Ltd are not interested in selling stake at current valuations, Ajay Singh, director, said on Wednesday.

“As far as I know the promoters at this time are not interested in selling their stake at this valuation," he told television channel CNBC-TV18.

Kalanithi Maran, promoter of Sun TV is interested in buying a 51% stake in the airline while Anil Dhirubhai Ambani Group and Religare Enterprises have also shown interest, two Indian newspapers reported this week.

Singh said the promoters collectively hold about 30% stake in the airline, but declined to comment on the media reports.

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