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Kingfisher gains on report of stake sale to Etihad Airways
December 11, 2012 / 4:07 AM / 5 years ago

Kingfisher gains on report of stake sale to Etihad Airways

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

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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