Reuters Market Eye - Shares in Jet Airways (India) Ltd
The deal, which had been delayed due to concerns raised by regulators and politicians in India, won a key approval from the Foreign Investment Promotion Board in late July. It still needs to be cleared by the antitrust regulator and a cabinet panel.
Etihad and Jet have extended the deal closing deadline for the second time until the end of September.
Etihad is buying a 24 percent stake in Jet for about $379 million. It will also invest $150 million in Jet's frequent flyer programme, and paid $70 million to buy Jet's three pairs of Heathrow slots through a sale and leaseback agreement.
Jet Airways shares up 4.3 percent at 305 rupees, still less than half the 754.74 rupees a share Etihad is paying for the stake.
(Reporting by Devidutta Tripathy)