Shares in Jet Airways rose 10 per cent on Friday, after it was reported by a news channel that Abu Dhabi’s Etihad Airways may buy a 10-12 per cent stake in the company directly from promoters.
Etihad may pay as much as Rs. 750 a share for the stake, the report said.
Etihad has been in talks with Jet to buy a 24 per cent stake.
The channel said Etihad may buy the remaining stake by issuing preferential shares.