• SENSEX
    NIFTY 50
Aviation

Jet Airways seeks shareholder nod to convert loan into shares

Updated : January 29, 2019 05:22 PM IST

The company will also seek approval to allow its lenders to nominate directors to its board, the airline said in a regulatory filing.
Saddled with a debt of about Rs 8,052 crore ($1.14 billion) as of September 30, Jet is desperately searching for a deal that could help mitigate its severe liquidity crunch.
The latest development comes after Jet on January 17 said a plan involving a cash injection by stakeholders and board changes were in the pipeline.
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