Indian regulator approves Jet Airways stake sale to Abu Dhabi’s Etihad | The National:
"Etihad Airways’ plan to buy a 24 per cent stake in Jet Airways as part of a US$600 million deal has reportedly been approved by India’s markets regulator.
The Securities Exchange Board of India (Sebi) approved the purchase after the two airlines made revisions to the deal to meet conditions set by the regulator, the Press Trust of India reported yesterday.
Etihad and Jet both declined to comment on the report. Sebi could not be reached for comment.
The stake sale, which was announced in April, has been repeatedly delayed as the airlines have awaited regulatory clearances in India, following objections from Sebi and the Competition Commission of India."
'via Blog this'
No comments:
Post a Comment