Jet Airways gains over 10 pct on stake sale reports
MUMBAI (Reuters) - Shares in Jet Airways (JET.NS) rose over 10 percent on reports of a stake sale to Etihad Airways, dealers said.
Shares had gained 50.6 percent in November as of Friday's close after India said it is open to further reforms to lure overseas investors into its airlines. (Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Subhranshu Sahu)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Data released on Friday showing a slowdown in India's economy will put the Reserve Bank under renewed pressure to cut interest rates, while Prime Minister Narendra Modi takes his time over reforms needed for a revival. Full Article