Profit

Jet Airways-Etihad deal cleared

PUBLISHED ON: April 24, 2013 | Duration: 29 min, 34 sec

  
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Jet Airways will sell a minority stake to fast-growing Abu Dhabi-based carrier Etihad Airways for Rs. 2,060 crore after months of negotiations. The airline said in a brief statement to the stock exchanges that its board has approved the allotment of 27.3 million shares to Etihad at Rs. 754.74 each on a preferential basis.
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