No talks with Reliance for stake sale: Jet Airways

News Flash

Crude futures higher; breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait, in Feb
IL&FS Trust: Sold 24.52 million shares (3.6%) since Dec-23
47% of the current promoter stake pledged with lenders
Satyam promoters holding down to 3.60% vs 5.13% earlier
India likely to send representative for OPEC meet in Feb
Tata Steel sales decline 14% to 1.07MT
Oct-Dec crude steel output at 1.5MT, up 17% (YoY)
SRSR Holding's stake down to 3.5% vs 5.13% in Satyam
Goldman Sachs cut China GDP forecast to 6%
Saregama India gets into big budget film production
Weak Q3 earnings reflecting current stock prices
Crude futures higher;breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait in Feb
Strike not to affect ONGC, Oil India output
Strike not to hit operations of most refiners
December exports to fall 1.6% (YoY): Sources
Apr-Dec exports at $130bn vs $113bn (YoY): Sources
India FY'09 export seen at $175bn: NW
Rupee closes at 48.69/$ vs 48.56/$ on Monday
Meet to discuss the demand supply situation: Sources
Meet to discuss situation post Jan output cut: Sources
Meet to take stock of US leadership, eco policy: Srcs
Non-members participating in the meeting: Sources
India too likely to send representative for meet: Srcs
Emergency OPEC meeting to take place in Kuwait
Emergency OPEC meeting to take place in February
Don't expect RBI to put cap on reverse repo: NW
No rationale behind RBI cap on reverse repo: NW
Sensex closes up 60 pts; Nifty lower by 8 pts

Updated: 17/06/2008 | 10:51 PM IST

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Press Trust of India

Tuesday, June 17, 2008 (Mumbai)

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Country's largest private carrier Jet Airways on Tuesday denied media reports that the company is talking to Mukesh Ambani-led Reliance Industries for selling stake in the airline.

In a filing with the Bombay Stock Exchange, Jet Airways said that media report concerning sale of stake to Reliance Industries was "not correct".

A leading newspaper has reported that Reliance Industries was in talks with the management of Jet Airways for picking up 6-7 per cent stake in the airline.