Shares of SpiceJet surged 8% at Rs29 after reports stated that that Kuwait Airways may pick up stake short of the 25% mark.The stock has hit a high of 30 and a low of Rs29.
The deal may be valued at around Rs 10bn, says report.
Civil aviation minister Ajit Singh had REPORTED that domestic airlines like SpiceJet and GoAir are in talks with potential investors for stake sale transaction.
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