Etihad Airways plans to acquire 48% stake in KFA: reports

India Infoline News Service | Mumbai |

Reports stated that a formal announcement of the deal may come around December 18.

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.

BSE 1.36 0 (0%)
NSE 2.00 0 (0%)

***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.