Kingfisher Airlines shares were trading in the positive terrain on Tuesday following report that Gulf's carrier Etihad Airways would buy a 48 per cent stake in the
cash-strapped airline.
According to a media report, the Etihad Airways is set to buy stake in Kingfisher Airlines for over Rs 3,000 crore. An official announcement in this regard is expected around December 18.
Kingfisher shares were up 4.96 per cent at 15.67 rupees in morning trading on the Bombay Stock Exchange.
Kingfisher has
been grounded since October 1 following a strike by its pilots and engineers over non-payment of salary dues and its flying license has been suspended.
With agency inputsDisclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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