Friday, May 03, 2013

Jet Airways seeks FIPB nod for selling stake to Etihad


Mumbai: Private carrier Jet Airways has sought approval of the Foreign Investment Promotion Board (FIPB) to sell 24 percent stake in the company to Gulf carrier Etihad Airways, sources said Thursday.
"Jet has filed its application to the FIPB late last week. The issue is expected to come up for discussion on May 10 to decide on further action," the sources said.
After months of deliberations, Jet Airways and Etihad last month signed a deal under which the premier Indian carrier agreed to sell 27.26 million shares in a preferential offer to the latter at Rs 754.74 a piece.
03/05/13 ZeeNews
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