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

Kerry in India

REUTERS SHOWCASE

Deadly Landslide

Deadly Landslide

Landslide near Pune kills 10, scores feared trapped.  Full Article 

Fed Policy

Fed Policy

Fed presses forward with bond buying, cites uptick in inflation.  Full Article 

Big Infra Deal

Big Infra Deal

Piramal, Dutch APG tie up for $1 bln infra investment  Full Article 

E-Commerce

E-Commerce

Amazon says to invest $2 billion more in India   Full Article 

Lupin Results

Lupin Results

Q1 net profit up 56 percent on higher U.S. drug sales   Full Article 

Smuggling Gold

Smuggling Gold

Air India staff found smuggling gold  Full Article 

Economy Reboots

Economy Reboots

U.S. economy back on track with strong second-quarter rebound .  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

Expanding Reach

Expanding Reach

Tata to invest $35 bln over 3 years, focus on new businesses   Full Article 

Reuters India Mobile

Reuters India Mobile

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