Low-cost carrier SpiceJet, which is being eyed by other airlines including Vijay Mallya's Kingfisher, on Monday denied any move to offload stake and said it has adequate funds to fund its expansion plans.
"SpiceJet would like to reiterate there is absolutely no plan to sell any stake in the company to anybody. It is one of the best funded airlines in the country with a large cash reserve to fund its expansion," an airline spokesperson said in a statement.
(Source: ET)
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