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.
Following his arrest, self-styled godman Asaram Bapu's absconding son Narayan Sai will be produced before a court in Rohini. Sai was taken to Ambedkar hospital for medical tests where he claimed he was being framed with allegations of sexual misconduct/rape.
Date 03-12-13, Duration 0:57, Views 335