Jet Airways (India) has surged over 5% at Rs 611 on reports that Abu Dhabi-based Etihad is close to buying 24% stake in Naresh Goyal-owned private airline company.
“Etihad Airways is close to buying 24% stake in Jet Airways in an Rs 1,500-1,800 crore deal, likely to be concluded within ten days,” the Business Standard report suggests quoting a top civil aviation functionary.
Etihad would be paying 25-50% premium on Jet stock’s as per the Wednesday closing price of Rs 579.60 on the BSE.
The stock opened at Rs 606 and hit a high of Rs 615 on the NSE. A combine around 1.01 million shares have changing hands on the counter in opening deals on both the exchanges.
