SpiceJet not mulling sale: Sun CFO

PUBLISHED ON: November 21, 2012 | Duration: 5 min, 32 sec

   
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S.L. Narayanan, the group CFO of Sun, downplayed reports that a sale of airline SpiceJet in on the cards after Kalanithi Maran and his wife, Kavery Kalanithi, resigned from the board of directors of Kal Airways, the holding company of SpiceJet. The media-to-aviation Sun group is headed by Mr Maran. Mr Maran quit Kal Airways to only reduce the number of directorships he holds, Mr Narayanan told NDTV in an exclusive interview, saying potential stake sale talks are not even at an exploratory stage.
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