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Jet Airways, India’s premier international airline, and Etihad Airways, the national carrier of the United Arab Emirates have both closed the transaction for the subscription of a 24% equity stake by Etihad Airways in Jet Airways for Rs 2069 Crore. All requisite Indian regulatory approvals had been obtained by November 12, 2013. Jet Airways has, on November 20, 2013, issued and allotted 27,263,372 equity shares of a face value of Rs 10 each at a price of Rs 754.7361607 per equity share on a preferential basis to Etihad Airways.
Posted in: Indian Market Tips
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