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Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

Jet Airways soars over 19% on

Jet Airways soars over 19% on Etihad deal nod speculation
 
Shares in Jet Airways India Ltd surged as much as 19.7 per cent on Friday after traders said India's Foreign Investment Promotion Board was likely to approve a planned stake sale to Etihad Airways.
Jet Airways and Etihad Airways officials were not immediately reachable for comment on the market speculation. A spokesman for the Finance Ministry, which oversees FIPB, declined to comment.
The FIPB, which clears foreign direct investment proposals, is scheduled to consider the Jet-Etihad deal at its meeting on Monday and traders said it may be approved.
The FIPB last month deferred a decision on Jet's plan to sell a 24 per cent stake to Etihad.
Jet shares were up 14.3 per cent at 10.39 p.m.

 
     
 
   
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