Government says has not received proposal for Jet-Etihad deal

Thu Mar 14, 2013 1:01pm IST

Ground staff guide a Jet Airways aircraft towards a gate on the tarmac at Bengaluru International Airport in Bangalore March 5, 2012. REUTERS/Vivek Prakash

Ground staff guide a Jet Airways aircraft towards a gate on the tarmac at Bengaluru International Airport in Bangalore March 5, 2012.

Credit: Reuters/Vivek Prakash

Related Topics

Stocks

   

REUTERS - India has so far not received a formal proposal from Etihad for investing in Jet Airways(JET.NS), trade minister Anand Sharma told reporters on Thursday.

Etihad has been in talks with Jet to buy a 24 percent stake, government sources have told Reuters.

"We have not received any formal proposal, so far," Sharma said on the deal.

An official at the trade ministry had said in January that Etihad would soon apply to India's foreign investment approval authority for investing in Jet.

FILED UNDER:

REUTERS SHOWCASE

WTO Trade Deal

WTO Trade Deal

WTO clinches first global trade deal in its history  Full Article 

Kashmir Attack

Kashmir Attack

Ten dead in Kashmir's worst militant attack in more than a year  Read 

OPEC Meeting

OPEC Meeting

Saudis block OPEC output cut, oil price sinks further.  Full Article 

GDP, RBI Preview

GDP, RBI Preview

GDP growth set to weaken, business wants reforms more than rate cut  Full Article | Related Story 

Social Media

Social Media

Twitter to start tracking users' mobile apps  Full Article 

Jaitley to Rajan

Jaitley to Rajan

Jaitley likely to meet Rajan on Monday to urge rate cut  Full Article 

Banking Sector

Banking Sector

India moves to allow more businesses to offer basic financial services.  Full Article 

Forever21 in India

Forever21 in India

Forever21 sets sights on Indian cities, but please hold the hot pants  Full Article 

Japan Economy

Japan Economy

Japan inflation slows in October, output and spending show signs of recovery  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage