Wednesday, April 24, 2013


 
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Jet Airways board approves stake sale to Etihad Airways

Jet approves preferential allotment of 27 million shares to Etihad at a price of not less than Rs.754.74 apiece
The approval of the shareholders for such issuance and allotment will be sought at an extraordinary general meeting (EGM) to be held in this regard. Photo: Ramesh Pathania/Mint
The approval of the shareholders for such issuance and allotment will be sought at an extraordinary general meeting (EGM) to be held in this regard. Photo: Ramesh Pathania/Mint
Mumbai: The board of Jet Airways India Ltd on Wednesday approved the sale by way of a preferential allotment of 27 million shares to Etihad Airways PJSC at a price of not less than Rs.754.74 apiece.
“The approval of the shareholders for such issuance and allotment will be sought at an extraordinary general meeting (EGM) to be held in this regard. The board of directors has granted approval for the company and Etihad PJSC to enter into inter alia, the investment agreement in relation to such issuance and allotment and other documents incidental thereto,” the company said

PRIYA
PGDM 2nd sem
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