Spicejet Shares Rise on Stake Sale Reports

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January 15, 2013 4:53 PM EST

SpiceJet Ltd (SPJT.BO) shares surged 6.5 percent after The Times of India newspaper reported the carrier was in talks with foreign carriers, including potentially Qatar Airways, for a stake sale, citing unidentified "highly-placed sources."

SpiceJet shares surged 161 percent last year on expectations the carrier will eventually sell a stake to a foreign carrier.

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