Friday, March 8, 2013

REASON FOR SPURT IN JET AIRWAYS


 Shares in Jet AirwaysBSE 9.93 %extended gains to more than 13 per cent on Friday, after a news channel reported 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 ($13.75) a share for the stake, the report said. 

Etihad has been in talks with Jet to buy a 24 per cent stake, government sources said. 

The channel said Etihad may buy the remaining stake by issuing preferential shares. 

I already posted today morning about possible oppen offer by Ehihad for Jet Airways

IF ETIHAD BUYS MORE THAN 24% IN JET THEN AN OPEN OFFER WILL TRIGGER.....
RETAIL SHAREHOLDERS WILL BE BENEFITED.I EXPECT STAKE SALE MAY BE AROUND 700/- PER SHARE AS PER LATEST FINANCIALS OF JET AIRWAYS

         SO I RECOMMEND BUYING JET AIRWAYS AT Rs.510 LEVELS FOR TARGET OF Rs.700

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