India clears way for Etihad's $600m deal with Jet Airways - The National:
"India's foreign investment board yesterday cleared the way for a US$600 million deal that will enable Etihad Airways to take a 24 per cent stake in Jet Airways.
The decision by the Foreign Investment Promotion Board has been much-awaited after the proposed purchase was first announced in April. But the approval has been made "with some conditions", said Arvind Mayaram, India's economic affairs secretary,without providing further details.
Jet's stake sale still has to be approved by the Cabinet Committee on Economic Affairs."
'via Blog this'
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