Spice Jet: Major shareholder offers stake to Paramount Airways
Even as Paramount Airways eyes Wadia’s 40% stake in low-cost airline GoAir, a major shareholder of low-cost carrier Spice Jet has offered to sell his stake to Paramount Airways. The investor, holding between 10% and 12% in Spice Jet, reportedly told merchant bankers of his intention, according to industry sources.
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