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Jet's acquisition of Sahara spurs stocks

Jet Airways' acquisition of Sahara Airlines had its immediate impact on the bourses on Thursday.

india Updated: Jan 21, 2006 11:10 IST

Jet Airways' acquisition of Sahara Airlines had its immediate impact on the bourses on Thursday, with the former's shares spurting by nearly 6.5 per cent on emergence of buying by funds and general investors.

Jet Airways Ltd's shares rose by Rs 70.10 to Rs 1,198.80, soon after both the companies announced the deal.

Shares of closely held Sahara Airlines were not listed on the bourses as yet.

Jet Airways and Air Sahara are the only two Indian carriers, other than state-owned Air-India and Indian (erstwhile Indian Airlines), which have international flying rights.

First Published: Jan 19, 2006 14:26 IST