BENGALURU (Reuters) – India’s IndiGo co-founder Rakesh Gangwal is in talks to buy a stake in India’s SpiceJet, ET Now reported on Friday, citing sources.
The news sent shares of SpiceJet up about 16%, while IndiGo shares rose 0.9%.
(Reporting by Indranil Sarkar in Bengaluru; Editing by Sonia Cheema)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.