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Aviation

Jet Airways plans rights issue to raise Rs 4,000 crore

Updated : February 15, 2019 10:08 PM IST

Jet Airways will raise over Rs 4,000 crore via a rights issue at a price of Rs 125-150 per share, once the requisite approval from the shareholders is in place.
The SBI-led consortium is looking to convert Rs 800-1000 crore of debt into investment instruments, and Jet will raise another Rs 1,700 crore though sale and lease back of its aircrafts.
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