The stock of Jet Airways will continue to be in the thick of action as the Foreign Investment Promotion Board will take a call on the Rs 2,000-crore Jet-Etihad deal on Tuesday. Jet Airways plans to sell 24 per cent stake to Abu Dhabi-based Etihad. The deal assumes significance after a Parliamentary panel objected to a recent bilateral agreement that India signed with Abu Dhabi to increase the number of flights between the two countries. The Parliamentary panel has noted that this agreement will allow Etihad to substantially increase their operations in India. There were accusations also that the Government’s bilateral agreement was only aimed at facilitating the Jet-Etihad deal.
STOCKS TO WATCH. FIPB decision to navigate Jet Air
Published on
June 9, 2013 16:01