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KAL Airways launches open offer for SpiceJet

19-Oct-2010 10:12 AM

KAL Airways, owner of a 25.12% stake in SpiceJet, launched an open offer on 18-Oct-2010 to acquire an additional 20% stake to close on 06-Nov-2010 (Financial Express, 19-Oct-2010). KAL Airways increased its stake in SpiceJet by 7.42% on 13-Oct-2010 to 25.12% through off-market transactions.