Tail Winds sells stake in Jet Airways

Dino D'Amore
By Dino D'Amore November 19, 2013 17:19

Tail Winds sells stake in Jet Airways

Tail Winds has sold a 7.89% stake in Jet Airways for over Rs 211 crore in the open market.

Tail Winds used to hold majority of promoter shares till some months ago. Under the proposed deal with Etihad, Goyal would eventually have a 51% stake in the company, while 24% stake would be held by Etihad and the remaining 25% will be with public shareholders.

Dino D'Amore
By Dino D'Amore November 19, 2013 17:19
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