Jet Airways likely to get $35 million emergency funding from Etihad, says report
Updated : January 23, 2019 09:28 AM IST
The amount that is being considered will last for the next few weeks during which Etihad, along with banks, plans to approach market regulator Sebi on the pricing for fresh equity, the report said.
Etihad’s legal counsel, the report said, has advised Jet Airways that the RBI’s revised framework on the resolution of stressed assets provides some relaxations, which could enable Etihad to chip in equity.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more