Tatas free to raise stake: SpiceJet

Budget carrier SpiceJet has left the door open for the Tatas to increase their stake in the airline.

“It is totally up to the Tatas how they go about it in future,” Bhulo Kansagra, SpiceJet’s director and one of its promoters, told Business Standard when asked whether the Tatas would be raising their stake in the airline.

He was speaking on the sidelines of a press conference convened to announce fresh investment in SpiceJet. The Tatas have picked up a 7.5 per cent stake in SpiceJet for over $17.2 million.

Click for complete article

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: