Jet Airways falls 3% on Etihad stake sale woes

Shares of Jet Airways India Ltd dropped three per cent to Rs 485.05 on Thursday after reports that stake sale to Abu Dhabi's Etihad Airways could be delayed until at least August, two dealers said. The delay could come as Etihad is seeking assurances following setbacks for several Gulf investors in India, two sources familiar with the talks said. At NSE, the scrip settled 3.71 per cent down at Rs 482.20. In terms of volume, 444,000 shares of the company changed hands on the BSE, while over 1.39 million shares were traded on the NSE.