Friday, June 6, 2008

Spice Jet Ltd denies acquisition offer

SpiceJet Ltd has not been formally approached by any party for acquisition talks, the low-cost carrier said in a statement to the stock exchange on Friday.

The Mint newspaper reported on Friday the Anil Dhirubhai Ambani Group was in talks to acquire the airline, leading the shares up 14.49 percent to 35.95 rupees in a weak Mumbai market.

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