Mumbai: Amid speculations of a possible deal between Jet Airways and United Arab Emirates’s Etihad Airways, the former gets a seven percent boast in its shares today.
The stock opened the day on an optimistic note and further jumped 6.13 percent to INR 590 on the BSE.
While at NSE, a rise of 7 percent to INR 594 is witnessed.
According to market analysts, the uptick in the airlines’ stake is a support to shares sale.
Reportedly, there were talks of possible stake sale for the last three months, ever since the government allowed foreign airlines to pick up 49 percent shares in domestic carriers
In a reaction to the news of venture between jet and foreign airlines, Jet had last month said, “We are aware that recently there has been much speculation in the press. The company, however, cannot comment on such speculative reports.”