January 3, 2013 / 4:53 AM / 5 years ago

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

* 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below