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 SpiceJet which is considered to be well funded airlines in India, has no plans to sell its stakes in near future. This news was revealed as Vijay Mallya of Kingfisher recently claimed he was interested in the second most low-budget carrier in India.
Though Vijay Mallya earlier had stated that he never initiated the talks between him and SpiceJet, he was interested if any approach was to be taken by SpiceJet.
'SpiceJet strongly denies this and would like to reiterate that there is absolutely no plan to sell any stake in the company to anybody,' the airline said in a statement.
Stake holders of SpiceJet namely the the Kansagras, Ajay Singh and the Istithmar Holdings denied that no approach has been taken by them to sell or give away the stakes.
'I am not a predator,' he said. 'If SpiceJet is interested, I am sure they'll invite me,'said Mallya.
SpiceJet is one of the best-funded airlines in the country with a large cash reserve to fund it expansion. There is no requirement to raise any funding at this time,' the statement added.
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