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2008-06-18

Jet denies talking to Rel Ind for stake sale

Country’s largest private carrier Jet Airways on Tuesday denied media reports that the company is talking to Mukesh Ambani-led Reliance Industries for selling stake in the airline. In a filing with the Bombay Stock Exchange, Jet Airways said that media report concerning sale of stake to Reliance Industries was “not correct”.


A leading newspaper has reported that Reliance Industries was in talks with the management of Jet Airways for picking up 6-7 per cent stake in the airline.

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Disclaimer

Ours is an advisory role. The final decision and consequences based on our Information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.