Jet Airways shares surge 20% on Etihad Airways stake sale report

Reuters : New Delhi, Wed Feb 27 2013, 13:34 hrs

Ads by Google

Top Stories

Jet Airways shares surged as much as 19.7 percent on Wednesday after TV channel reported Etihad Airways is close to a deal to purchase a 24 percent stake in the Indian carrier, citing unidentified sources.

Abu Dhabi's Etihad has already paid a "token" amount of $70 million, and will likely pay $400 million in the first tranche of the deal, the channel reported.

Jet shares were up 17.8 percent as of 0749 GMT.

Ads by Google

ALSO READ

The BSE index finished the day at 19,888.95, up by 215.31 points. (Reuters)

BSE Sensex hits 3-mth high, NSE Nifty regains 6,000-mark on FII buying

Startup Village angel fund of $10 million that could go up to $20 million with a 'Green Shoe' option. (Reuters)

Sebi approves $10 million fund for Startup Village

As per the bourses, the move is part of preventive surveillance measures to ensure safety of the market. (Reuters)

BSE and NSE identify scrips for the restricted category

The financial year ended March 31, 2013 also marked the 4th consecutive year of net outflows by MFs. (Reuters)

Mutual Funds sell shares worth Rs 23,000 cr, highest in 12 years

Please read our terms of use before posting comments

TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).