MUMBAI Kingfisher Airlines(KING.NS) gained 4.7 percent on newspaper Mumbai Mirror's report of a 48 percent stake sale to Etihad Airways, for a little over 30 billion rupees, citing sources in the two airlines.
The deal is likely to be announced around December 18.
(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)
Trending On Reuters
The government has turned down the military's request to expand the acquisition of 36 fighter planes from Dassault Aviation SA to plug vital gaps, officials said, nudging it to accept an indigenous combat plane 32 years in the making. Full Article