Jet Airways and Etihad on Wednesday announced the closure of their transaction wherein the Abu Dhabi-based airline has acquired a 24% stake worth around R2,060 crore in the Indian carrier. The deal, which is the largest foreign investment in the aviation sector after the government opened it to foreign investment in September 2012, was announced on April 2013.“Jet Airways, on November 20, 2013, issued and allotted 27,263,372 equity shares of a face value of R10 each at a price of R754.7361607 per equity share on a preferential basis to Etihad Airways,” a Jet Airways statement said.

Source : http://www.financialexpress.com/news/jet-airways-concludes-stake-sale-appoints-etihad-officials-to-board/1197499

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