Jet Airways (India) has surged 5% to Rs 348 in early morning deals on BSE after the fair trade regulator, Competition of Commission of India (CCI), cleared the proposed 24% stake sale of the company to Abu-Dhabi-based Etihad Airways.
The deal has already been cleared by capital markets regulator Securities and Exchange Board of India and Foreign Investment Promotion Board, among others.
The stock opened at Rs 345 and hit a high of Rs 354 on the BSE. A combined 573,000 shares have changed hands on the counter in early morning deals on BSE and NSE.
The deal has already been cleared by capital markets regulator Securities and Exchange Board of India and Foreign Investment Promotion Board, among others.
The stock opened at Rs 345 and hit a high of Rs 354 on the BSE. A combined 573,000 shares have changed hands on the counter in early morning deals on BSE and NSE.
