Auto Sector
Tata Motors upgrades existing cars
Tata Motors on Wednesday launched eight upgrades of existing models, including a CNG-fuelled version of Nano, but said little about plans for completely new vehicles to help reverse the fall in sales. Full Article
REUTERS SHOWCASE
Asian Stocks Outlook
Asian stocks to lead the way to year's end, Fed seen pulling back - Reuters Poll. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
India's Jet surges on reports Etihad may buy 10-12 pct stake from owners
 |
Rahul Gandhi
The Congress lawmaker and scion of the Nehru-Gandhi dynasty turns 43 on Wednesday. Slideshow
NEW DELHI, March 8 |
NEW DELHI, March 8 (Reuters) - Shares in India's Jet Airways extended gains to more than 13 percent 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 ($13.75) 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.
($1 = 54.5350 Indian rupees) (Reporting by Anurag Kotoky; editing by Malini Menon)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters