Kingfisher gains on report of stake sale to Etihad Airways

MUMBAI Tue Dec 11, 2012 9:35am IST

A passenger walks past a near-empty Kingfisher airlines ticketing office at Mumbai's domestic airport March 27, 2012. REUTERS/Vivek Prakash/Files

A passenger walks past a near-empty Kingfisher airlines ticketing office at Mumbai's domestic airport March 27, 2012.

Credit: Reuters/Vivek Prakash/Files

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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)

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