Kingfisher vs Spice jet

As per the latest reports India's leading and Vijay Mallya's Kingfisher Airlines is close to acquiring a controlling stake in another low-cost carrier SpiceJet. The deal will value SpiceJet around $300 million dollars. It is likely to be a cash-and- share swap deal. Mallya will acquire 26% stake in Spice Jet and will make an open offer for an additional 26% take. He is also likely to retain Spice as the low-cost carrier of Kingfisher Airlines. (Equity Desk-Thebullishtrends)