Reuters Market Eye - Shares in Jet Airways India down 7.11 percent at 421.30 rupees ahead of regulatory meet to decide on approval for Jet's stake sale to Gulf carrier Etihad Airways.
India's Foreign Investment Promotion Board (FIPB) is expected to meet on Tuesday to decide on Jet's planned 24 percent stake sale to Etihad.
The airline also announced its exit of Chief Executive Nikos Kardassis on Friday, without citing a reason. COO Hamid Ali is expected to be lead the carrier until a replacement is named.
(Reporting by Himank Sharma)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app