Mumbai: Shares in Jet Airways (India) Ltd gained as much as 4.4% after Tail Winds Ltd, a private investment arm owned by the carrier’s promoter and chairman Naresh Goyal, sold about 7.9% of its 75% holding in Jet for around Rs.210 crore on Monday.
Tail Winds sold 2 million shares of Jet Airways for Rs.310.07
per share, according to the National Stock Exchange (NSE) data, which
shows Deutsche Securities Mauritius Ltd buying 1.26 million shares for Rs.310 apiece.
Dealers say the bulk sale is seen as a step in the completion of a 24% stake sale to Abu Dhabi’s Etihad Airways PJSC.
India’s competition regulator had on 12 November approved Etihad’s Rs.2,058 crore deal to buy a 24% stake in Jet Airways, the regulator said on its website
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