Etihad Airways – Jet Airways move ahead with strategic alliance following final approvals
20-Nov-2013 Etihad Airways, the national carrier of the United Arab Emirates and Jet Airways today announced that both airlines closed the transaction for the subscription of a 24 per cent equity stake by Etihad Airways in Jet Airways. All requisite Indian regulatory approvals had been obtained by November 12th, 2013. Jet Airways has, on November 20th, 2013, issued and allotted 27,263,372 equity shares of a face value of Rs. 10 each at a price of Rs. 754.7361607 per equity share on a preferential basis to Etihad Airways.
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