6 min read.Updated: 25 Apr 2013, 12:28 AM ISTP.R. Sanjai
Jet board approves preferential allotment of 27 million shares to Etihad at a price of not less than `754.74 apiece
Mumbai: Etihad Airways PJSC has agreed to acquire a 24% stake in Jet Airways (India) Ltd for $379 million (around ₹ 2,060 crore), the companies announced on Wednesday, setting the stage for the Mumbai-based airline to become the first beneficiary of a policy change that allowed foreign airlines to invest in domestic ones.
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