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Jet up on reports Etihad may buy some stake from owners
NEW DELHI |
NEW DELHI (Reuters) - Shares in Jet Airways (JET.NS) rose more than 13 percent during trade on Friday, after CNBC TV18 reported that Abu Dhabi's Etihad Airways may buy a 10-12 percent stake in the company directly from promoters.
Etihad may pay as much as 750 rupees a share for the stake, the report said.
Etihad has been in talks with Jet to buy a 24 percent stake, government sources have told Reuters.
The channel said Etihad may buy the remaining stake by issuing preferential shares.
Jet shares ended 10.15 percent higher.
(Reporting by Anurag Kotoky; editing by Malini Menon)
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