Business Standard

Thursday, January 23, 2025 | 12:58 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Jet Airways slips on Etihad stake sale delay

Stock down over 3%

Image

SI Reporter Mumbai
Jet Airways dropped over 3% to Rs 484 in the morning trades on news that stake sale to Etihad Airways may be delayed until August.

Currently, the Abu Dhabi carrier Etihad, is seeking assurances following setbacks for several Gulf investors in India, two sources familiar with the talks said.

Etihad, which is expanding globally, has been in talks over an equity stake in Jet since September after India relaxed ownership rules and allowed foreign airlines to buy up to 49 % in local carriers.
 
The Gulf airline is eyeing a 24 % stake, valued at about $330 million, according to sources aware of the matter.
 

The stock opened at Rs 480 and hit a high of Rs 489. Nearly, a combined 6.5 lakh shares changed hands on both the exchanges.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 11 2013 | 10:25 AM IST

Explore News