Jet may issue fresh shares to Etihad in stake sale

Feb 02 2013, 01:04 IST
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SummarySale of shares by Tail Winds could attract capital gains tax

Ajit Singh and commerce minister Anand Sharma on Thursday and Finance Minister P Chidambaram today.

“If the transfer of shares of an Indian company will be made by an erstwhile OCB to an NRI, it will require compliance with the foreign exchange regulations/guidelines,” said Lalit Kumar, partner, J Sagar Associates. Currently, Tail Winds owns 79.99 per cent in Jet Airways. Naresh Goyal, in his personal capacity, owns only 0.01 per cent in the company. Jet Airways shares closed at Rs 622.65 a piece, up 0.09 per cent, on the BSE on Friday.

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