Jet Airways (India) has rallied 5% to Rs 454, extending its previous day’s 6.4% surge, ahead of Foreign Investment Promotion Board meet today that will decide on Jet Airways' stake sale to Gulf carrier Etihad Airways.
The FIPB, headed by Economic Affairs Secretary Arvind Mayaram, will take a call on the Rs 2,058 crore Jet-Etihad deal, the largest foreign investment in the Indian aviation sector. Jet Airways plans to sell 24% stake to Abu Dhabi-based Etihad.
The stock opened at Rs 444 and hit high of Rs 465 on BSE. A combined one million shares have changed hands on the counter in early morning deals on BSE and NSE.
The FIPB, headed by Economic Affairs Secretary Arvind Mayaram, will take a call on the Rs 2,058 crore Jet-Etihad deal, the largest foreign investment in the Indian aviation sector. Jet Airways plans to sell 24% stake to Abu Dhabi-based Etihad.
The stock opened at Rs 444 and hit high of Rs 465 on BSE. A combined one million shares have changed hands on the counter in early morning deals on BSE and NSE.
