MARKET EYE-India's SpiceJet gains on foreign investment hopes

Thu Jan 3, 2013 10:18am IST

Related Topics

Stocks

   

* SpiceJet Ltd gains 2.4 percent on hopes the carrier
would also attract foreign investment after a senior Indian told
reporters rival Jet Airways was the front-runner to win
an investment from Etihad Airways.  
* The Gulf carrier could pay up to 15-18 billion rupees for a 24
percent stake in Jet, the official said, valuing Jet at 725 to
870 rupees per share, which would mark a premium of 25 to 50
percent on Wednesday's close, according to Reuters calculations.
* Shares in India's Jet Airways rose as much as 6
percent.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

DIPLOMACY

REUTERS SHOWCASE

Moody's on Inflation

Moody's on Inflation

Persistent inflation hurting India's sovereign ratings - Moody's  Full Article 

Carmichael Project

Carmichael Project

Adani buys Australia coal mine royalty rights from Linc for $145 million  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

Monetary Policy

Monetary Policy

BofA says RBI may cut rates by 75-100 bps starting early 2015  Full Article 

Road to IPO

Road to IPO

Mega-IPO to rekindle the 'bromance' behind Alibaba's rise  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage