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Isthimar sells 13% SpiceJet stake
Bloomberg UTV Desk
Published on Fri, Feb 5, 2010 at 12:45 IST

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MUMBAI: Isthimar World sold its entire stake of 13.38% in SpiceJet today for Rs 124 crore at Rs 54 per share.

In another deal, INOX picked up an additional stake of 7.3% in Fame India at Rs 50.80 per share.

The third block deal pertained to TCS. One lakh TCS shares changed hands today at Rs 729 per share.

Spicejet: Isthithmar Finally Exits
Over 13% of total equity changed change in seven blocks
Isthimar sold stake through block deal to mutual funds
Isthimar received Rs 124 crore by selling 13% stake at Rs 52 per share
Isthimar World is the investment vehicle owned by Dubai World
Isthimar was created in 2003 as an investment arm of Dubai World in PE and alternative investments

Sanjay Agarwal, CEO, SpiceJet, said there was no indications from the investment firm about the plans to exit the company.


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