Jet, Etihad revise stake sale deal | GulfNews.com:
"Civil Aviation Minister Ajit Singh Thursday said the agreement between Jet Airways and Abu Dhabi-based Etihad Airways for a proposed 24 per cent stake sale in the Indian passenger carrier has been changed and that it will be considered by the competent authority.
Earlier, the Foreign Investment Promotion Board (FIPB), stock market regulator Securities and Exchange Board of India (SEBI) and fair trade watchdog Competition Commission of India (CCI) had raised concerns about the control and management of the company after the stake sale.
However, the FIPB gave a conditional nod to the proposed 24 per cent stake-sale in Jet to Etihad Airways on July 29, 2013 and this will now be taken up by the cabinet for final approval."
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