Kingfisher gains on report of 48 percent stake sale to Etihad Airways

MUMBAI Mon Dec 10, 2012 11:08pm EST

Women walk past a closed booking office of Kingfisher Airlines in New Delhi October 1, 2012. REUTERS/Mansi Thapliyal

Women walk past a closed booking office of Kingfisher Airlines in New Delhi October 1, 2012.

Credit: Reuters/Mansi Thapliyal

MUMBAI (Reuters) - India's Kingfisher Airlines (KING.NS) gained 4.7 percent on newspaper Mumbai Mirror's report of a 48 percent stake sale to Etihad Airways, for a little over 30 billion rupees, citing sources in the two airlines.

The deal is likely to be announced around December 18. link.reuters.com/qav54t

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

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