Jet Airways refutes reports of merger with Tata SIA Airlines
15-November-2018
Dismissing the recent reports of a likely merger with Tata SIA Airlines, Jet Airways on Thursday said the news is "purely speculative" and that there were no such discussion in the company's Board.
Tata SIA Airlines, a joint venture between Tata Group and Singapore Airlines, operates airline company Vistara.
"The subject news is purely speculative in nature and that there are no discussions or dicisions by the Board...," Jet Airways said in a regulatory filing.
About the surge in its share price, which analysts and investors attributed to the reports of the likely merger, Jet Airways said it was "unable to comment on the reasons for the increase in its share price".
On Wednesday, share price of Jet Airways rose Rs 63.20 or 24.52 per cent to close at Rs 320.95 per share.-IANS
- 0
-
-
-
-
Ultra-Luxury Housing Booms in NCR as Rs 50 Crore+ Home Sales Soar 2,550%
IPS Officer Siddharth Kaushal Resigns Voluntarily Amid Postings Row in Andhra Pradesh
TN Government To Rejuvenate 5,000 Irrigation Tanks to Revive Traditional Water Bodies
Kolkata Law College Rape Accused Was Hired Despite Criminal Record, Sources Reveal
Auto Parts Startup Garaaz Raises Rs 4.55 Cr from GVFL to Expand Nationwide
