Kingfisher Rises 4.7% on Stake Sale to Etihad Airways Report

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December 11, 2012 3:21 PM EST

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.

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