SpiceJet promoter Ajay Singh is mulling the possibility of a partial stake sale in the airline, according to sources. Singh currently reportedly holds a majority 60 per cent in the airline said the company continues to be in discussions with various investors to secure financing.
“The company continues to be in discussions with various investors to secure sustainable financing and will make appropriate disclosures in accordance with applicable regulations,” a SpiceJet spokesperson said.
Reacting to the news of a possible stake sale by the promoter, the shares of the airline rose around 5 per cent to trade at ₹46.55.
