Jet Airways share price zooms on reports that Naresh Goyal has agreed to sell controlling stake

Jet Airways share price zooms on reports that Naresh Goyal has agreed to sell controlling stake

Shares of India’s major private sector airline Jet Airways gained more than 8.90% in the morning trade on Wednesday on reports that promoter Naresh Goyal has agreed to sell controlling stake in the firm. CNBC TV18 reported citing sources that Jet Air promoter Naresh Goyal has agreed to sell controlling stake in the company, after prospective buyers were unwilling to move ahead with the deal without getting a controlling stake. Jet Airways promoters currenlty hold 51%, and Abu Dhabi-based Etihad holds 24% stake. Earlier, it was reported that Etihad Airways was looking to raise its stake to up to 49%, the maximum a foreign airline can hold as per the foreign direct investment rules for the aviation sector.

Read More at The Financial Express News date : 28 Nov 2018, Wednesday

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