SpiceJet is India's most preferred airline, offering the lowest air fares with the highest consumer value. SpiceJet was offered Rs 7 billion for 51 percent stake by Kalanithi Maran, promoter of Sun TV but the proposal was refused by Spicejet shareholders.

There was a slight fall to Rs. 57.55 in Spicejet stock on Monday, during trading hours.

Shareholders claims that Maran is offering the discounted price of Rs 55 per share for the stake buy.

Maran and shareholders have different set of estimations in respect of Spicejet shares which need to be settled, if everything is configured then a deal may be announced in a fortnight.

SpiceJet chief operating officer, Samyukta Sridharan, we don't believe in rumors and anticipations made by the newspapers.