Gulf carrier Etihad Airways is planning to acquire 48% stake in Kingfisher Airlines for Rs 30bn, according to reports.
Reports stated that a formal announcement of the deal may come around December 18.
Abu Dhabi-based Etihad will buy a 30% holding in December and a further 18% by next August, says reports.
India Infoline News Service / 08:59, Aug 25, 2014
The outlook is a flat start. The BankNifty has given a breakout but many of the large caps are remaining in a range keeping the main indices under pressure.