Shares of Jet Airways gained over three per cent today amid reports
that market regulator Sebi has issued showcause notice to Abu
Dhabi-based Etihad regarding its 24 per cent stake purchase in the
carrier.
However there has been no official word on the matter. Jet Airways scrip went up 3.42 per cent to close at Rs 223.40 on the BSE. Shares of the carrier, which opened at Rs 226.90, touched an intra-day high of Rs 230.85.
According to reports, the Securities and Exchange Board of India (Sebi) has issued a show cause notice to Etihad seeking explanation on whether it violated takeover norms while buying 24 per cent stake in Jet Airways.
However there has been no official word on the matter. Jet Airways scrip went up 3.42 per cent to close at Rs 223.40 on the BSE. Shares of the carrier, which opened at Rs 226.90, touched an intra-day high of Rs 230.85.
According to reports, the Securities and Exchange Board of India (Sebi) has issued a show cause notice to Etihad seeking explanation on whether it violated takeover norms while buying 24 per cent stake in Jet Airways.
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