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Kingfisher gains on report of stake sale to Etihad Airways

Source : REUTERS
Last Updated: Tue, Dec 11, 2012 04:47 hrs
A passenger walks past a near-empty Kingfisher airlines ticketing office at Mumbai's domestic airport

Kingfisher Airlines gained 4.7 percent on newspaper Mumbai Mirror's report of a 48 percent stake sale to Etihad Airways, for a little over 30 billion rupees, citing sources in the two airlines.

The deal is likely to be announced around December 18.

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