Etihad Airways may acquire 48% stake in Kingfisher Airlines for around R3000 Cr, according to Mint.Abu Dhabi-based Etihad will initially buy a 30% holding in December and a further 18% by next August.Recently, Etihad was planning to acquire 24% stake in Jet Airways.
Mallya has been seeking a buyer from abroad to save his airline from collapse since the government in September allowed foreign airlines to purchase stakes of up to 49% in domestic carriers.The debt-ridden airline, named after Mallya's biggest beer brand, has been struggling to survive, owing billions of dollars in taxes and payments to suppliers, lenders and employees.
Bartronics Asia Pte. Ltd., a wholly owned subsidiary of Bartronics India Limited, has acquired 51% stake in Systems America Inc.
SAIF Partners, one of the early backers of BSE listed local search directory, Just Dial has sold close to 2.4% stake in the company for a total of INR254 Cr. The part exit fetches the fund, a 30x returns on its seven year old investment.