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Kingfisher gains on report of 48 pct stake sale to Etihad Airways

Source : REUTERS
Last Updated: Tue, Dec 11, 2012 04:10 hrs
A passenger walks past a near-empty Kingfisher airlines ticketing office at Mumbai's domestic airport

MUMBAI (Reuters) - 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.

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

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