SpiceJet rallies 18% as Middle Eastern airline looks to buy 24% stake

NEW DELHI: Shares of SpiceJet NSE -3.79 % climbed 18 per cent in Wednesday’s trade after ET NOW reported that the airline is in talks with a Middle Eastern carrier for a 24 per cent stake sale.

As per ET NOW sources, SpiceJet is said to be in an active discussion with a Middle Eastern carrier for a possible stake sale. SpiceJet promoter Ajay Singh holds about a 60 per cent stake in the airline operator.