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Etihad Airways expected to acquire upto24% stake in Jet Airways, according to reports.
Reports said that the two airline may strike an agreement after months of negotiations.
Jet Airways promoter Naresh Goyal and Etihad Airways CEO James Hogan met Civil Aviation Minister Ajit Singh and discussed their plans for an alliance. Hogan also met Commerce Minister Anand Sharma.
The deal may be valued the Indian carrier at $1.2 bn, or 63.80bn, which is 19% higher than the current market cap of 5,371 crore.
India Infoline News Service / 08:59, Sep 15, 2014
Many a times parents overlook other goals as they are too busy focusing on just one goal, that is on their child's education. They are too emotionally involved in achieving this particular goal that they forget planning for their retirement and saving for other emergencies.