Jet Airways soars on buzz of revised proposal to Etihad
Jet Airways has agrees to give four board seats to Etihad and may open to price negotiation, report.
Jet Airways (India) has soared almost 20% to Rs 538 on NSE on reports that the Naresh Goyal-promoted private carrier makes revised proposal to rescue deal with the Abu Dhabi-based airline Etihad Airways.
The CNBC-TV18 channel report suggests that Jet Airways has agrees to give four board seats to Etihad.
Jet Airways may agree to give Etihad right of first refusal (RoFR) and may be open to price negotiation, added report.
The stock has tanked 24% in past six trading sessions on BSE compared to 3.2% fall in benchmark Sensex after Etihad Airways put a host of new conditions including an option to buy up to 49% stake in the firm.
Today, the stock opened at Rs 453 and hit a low of Rs 445 on NSE. As many as a combined 9.16 million shares have already changed hands on the counter till 1325 hours against an average sub 3.3 million shares that were traded daily in past two weeks on NSE and BSE.
The CNBC-TV18 channel report suggests that Jet Airways has agrees to give four board seats to Etihad.
Jet Airways may agree to give Etihad right of first refusal (RoFR) and may be open to price negotiation, added report.
The stock has tanked 24% in past six trading sessions on BSE compared to 3.2% fall in benchmark Sensex after Etihad Airways put a host of new conditions including an option to buy up to 49% stake in the firm.
Today, the stock opened at Rs 453 and hit a low of Rs 445 on NSE. As many as a combined 9.16 million shares have already changed hands on the counter till 1325 hours against an average sub 3.3 million shares that were traded daily in past two weeks on NSE and BSE.