Abu Dhabi based airlines, Etihad Airways (Ethiad) is about to buying 24 per cent stake in Jet Airways at cost in the range of Rs 1,500-1,800 crore deal, likely to be concluded within ten days. Etihad’s investment in Jet would be the first by a foreign aviation company in an Indian aviation company as the sector was opened up to foreign investment last year.
The cost of Rs 1,500 to 1,800 crore deal would mean Etihad paying a 25-50 per cent premium on closing price of Rs Rs 579.60 on the NSE.
No comments:
Post a Comment