Shares of Jet Airways rose almost 4 per cent today amid reports that market regulator SEBI may again take up the open offer issue in the company’s deal with Abu Dhabi-based airline Etihad.
Jet Airways stock jumped 3.9 per cent to Rs 312.40 on the BSE. On the NSE too, the scrip rose 3.93 per cent to Rs 313.
According to media reports, the Securities and Exchange Board of India is debating whether to reopen the issue of an open offer for the shareholders of Jet Airways after another regulator said that Etihad enjoys joint control over the Indian airline.
The Competition Commission of India had, last month, approved the acquisition of 24 per cent stake in the Naresh Goyal-led Indian carrier by the Abu Dhabi-based airline.
Jet and Etihad had last month announced the closure of a Rs 2,069-crore deal for the Abu Dhabi-based carrier to pick up 24 per cent equity in the Indian airline, marking the first FDI infusion by an airline in the Indian aviation sector.