MUMBAI Dec 3 Shares in India's Jet Airways
rose over 7 percent on a report in Mint newspaper that
the airline will soon seek regulatory approval to tweak its
ownership pattern to facilitate a stake sale to Etihad Airways.
The gains on Monday come on the back of a 57 percent rise in
the carrier's shares in November on speculation over a deal with
Rival SpiceJet Ltd shares were also up 6 percent.
Jet Airways and SpiceJet, battling hot competition and high
operating costs, are in talks to sell minority stakes to foreign
investors, said a senior Indian government official with
knowledge of the discussions.
(Reporting by Abhishek Vishnoi)