Jet surges on reports Etihad may buy 10-12 pct stake from owners
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.
Mumbai Police rejected Chennai Super Kings (CSK) boss Gurunath Meiyappan's plea to give him time till May 27 to appear before its crime branch for questioning with regard to his role in betting and spot fixing in the current edition of the IPL.
Date 20 hrs ago, Duration 1:44, Views 52