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Kingfisher came inch closer to buying SpiceJet
Posted in: Travel

Kingfisher Airlines is close to acquiring a controlling stake in another low-cost carrier SpiceJet. The deal will value SpiceJet around $300 million dollars. It is likely to be a cash-and- share swap deal. Mallya is likely to acquire 26% stake in SpiceJet, and make an open offer for an additional 20% stake. He is also […]

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