Jet shares gain over 4% after Naresh Goyal sells partial stake
Shares in Jet Airways (India) Ltd gained as much as 4.4 percent after Tail Winds Ltd, a private investment arm owned by the carrier's promoter and chairman Naresh Goyal, sold about 7.9 percent of its 75 percent holding in Jet.
Shares in Jet Airways (India) Ltd gained as much as 4.4 percent after Tail Winds Ltd, a private investment arm owned by the carrier's promoter and chairman Naresh Goyal, sold about 7.9 percent of its 75 percent holding in Jet for around Rs 210 crore on Monday.
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Reuters[/caption]
Tail Winds sold 2 million shares of Jet Airways for 310.07 rupees a share, NSE data shows, which shows Deutsche Securities Mauritius Ltd buying 1.26 million shares for 310 rupees a piece.
Dealers say the bulk sale is seen as a step in the completion of a 24 percent stake sale to Abu Dhabi's Etihad Airways.
The competition regulator on November 12 approved Etihad's $325 million deal to buy a 24-percent stake in Jet Airways, the regulator said on its website.
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