 "Jet shares gain over 4% after Naresh Goyal sells partial stake")
Shares in Jet Airways (India) Ltd gained as much as 4.4 percent after Tail Winds Ltd, a private investment arm owned by the carrier’s promoter and chairman Naresh Goyal, sold about 7.9 percent of its 75 percent holding in Jet for around Rs 210 crore on Monday.
[caption id=“attachment_1193027” align=“alignright” width=“380”]  Reuters[/caption]
Tail Winds sold 2 million shares of Jet Airways for 310.07 rupees a share, NSE data shows, which shows Deutsche Securities Mauritius Ltd buying 1.26 million shares for 310 rupees a piece.
Dealers say the bulk sale is seen as a step in the completion of a 24 percent stake sale to Abu Dhabi’s Etihad Airways.
The competition regulator on November 12 approved Etihad’s $325 million deal to buy a 24-percent stake in Jet Airways, the regulator said on its website.
Reuters
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