NIFTY 50

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.
primo org
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.
cnbc two logos
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

You May Also Like

Live TV