Currently, the Abu Dhabi carrier Etihad, is seeking assurances following setbacks for several Gulf investors in India, two sources familiar with the talks said.
Etihad, which is expanding globally, has been in talks over an equity stake in Jet since September after India relaxed ownership rules and allowed foreign airlines to buy up to 49 % in local carriers.
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The Gulf airline is eyeing a 24 % stake, valued at about $330 million, according to sources aware of the matter.
The stock opened at Rs 480 and hit a high of Rs 489. Nearly, a combined 6.5 lakh shares changed hands on both the exchanges.
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