Fri, 08 Mar 2013 15:15:00 GMT | By Reuters

Jet surges on reports Etihad may buy 10-12 pct stake from owners

Etihad may pay as much as 750 rupees a share for the stake, the report said


Jet surges on reports Etihad may buy 10-12 pct stake from owners (© Reuters)

New Delhi: Shares in Jet Airways extended gains to more than 13 percent on Friday, after CNBC TV18 reported that Abu Dhabi's Etihad Airways may buy a 10-12 percent stake in the company directly from promoters.

Etihad may pay as much as 750 rupees a share for the stake, the report said.

Etihad has been in talks with Jet to buy a 24 percent stake, government sources have told Reuters.

The channel said Etihad may buy the remaining stake by issuing preferential shares.

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