Jet Airways Refutes Reports of Merger With Tata SIA Airlines
Tata SIA Airlines, a joint venture between Tata Group and Singapore Airlines, operates airline company Vistara.
Mumbai: 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 decisions 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.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- Motorola TV With Android TV 9.0 Launched: Price, Features, and More
- Nach Baliye 9: Raveena Tandon Confronts Shantanu Maheshwari Over Claims of Bias
- 5-Years-Old Recreates 'Up' Moment With Great Grandparents for Birthday Photoshoot
- A Pakistani Pop-Singer is Facing Legal Action for Threatening PM Modi with Snakes
- UK Clothing Brand Trolled for Trying to Sell Indian-Style Kurta as 'Vintage Boho Dress'