Kingfisher gains on report of stake sale to Etihad Airways
MUMBAI (Reuters) - 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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Monetary Policy Committee
Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India's government and central bank remain at odds over how crucial decisions are made. Full Article
PM Modi to ramp up help for Indian Ocean nations to counter China influence Full Article