Jet Airways shares rally on approval for Etihad deal

Etihad had first agreed in April to buy a 24 percent stake in Jet in the first such deal since the Indian government allowed foreign airlines to own up to 49 percent of Indian carriers last September.

July 30, 2013 / 14:44 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Shares in Jet Airwayssurged as much as 8 percent in early morning trade on Tuesday after the airline received conditional approval from the foreign investment regulator to sell a USD 379 million stake to Etihad Airways.

As of 9:28 a.m., the stock was trading 2.7 percent higher.

Etihad had first agreed in April to buy a 24 percent stake in Jet in the first such deal since the Indian government allowed foreign airlines to own up to 49 percent of Indian carriers last September.

Jet shares had gained nearly 22 percent over the previous two sessions on speculation the deal would be approved.

first published: Jul 30, 2013 09:41 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347