The price band was approved at Rs 1,125-Rs 1,175 per share, said the airline in a stock exchange filing. Its stock closed at Rs 1,196.70 on the sensex on Wednesday closing.
This is the ninth consecutive profitable quarter for the airline.
Etihad's earlier board members in Jet, CEO James Hogan and CFO James Rigney quit the gulf airline earlier this year and hence automatically resigned from Jet's board.
Chicago is the fourth biggest transfer hub for Star Alliance worldwide, with almost 750,000 passengers connecting from one Star Alliance carrier to another each year.
The airline is introducing additional, non-stop frequencies on certain existing routes such as Pune – Kolkata, Jaipur – New Delhi, Guwahati – New Delhi and Chennai – New Delhi.
Flights were delayed by at least 15-20 minutes from India's second busiest airport. There were 5 go arounds and 2 diversions till 11:30 am.
Under a new rule introduced by the DGCA, pilots are required to serve a notice period of up to one year when they resign from an airline.
A senior pilot at an airline called the rule "draconian" and said it's ironic that it is implemented a day after the country celebrated its 71stIndependence Day.
The GST replaces seven indirect tax heads including countervailing duty, special additional duty of customs, excise duty, service tax, central sales tax, VAT, octroi & state cesses.
The company will use the proceeds for scaling up operations, upgrading its technology platform and strengthening the back-end infrastructure for building a network of warehouses.
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