Tata Sons, the holding company of the Tata Group firms, on Friday said discussions on acquiring a stake in the financially troubled Jet Airways have been at a preliminary stage and that no such proposal has been made so far.
In a statement issued here after its Board meeting, the company said: "Over the last few days there has been growing speculation in the print and electronic media about Tata's interest in Jet Airways. "
"We would like to clarify that any such discussions have been preliminary and no proposal has been made. "
On Thursday, Jet Airways dismissed recent reports of its likely merger with Tata SIA Airlines stating that there were no such discussion in the company's Board.
Tata SIA Airlines, a joint venture between Tata Group and Singapore Airlines, operates airline company Vistara.
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