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Promoter Naresh Goyal agrees to sell controlling stake in Jet Airways

Updated : November 28, 2018 09:45 PM IST

Goyal, who owns 51 percent stake, has communicated his intent of selling his controlling stake and giving up operational control to the investment bankers and to the strategic investors.
But Goyal, the airline's founder, has a few conditions. He has sought to retain a minority stake of below 5 percent and a board seat on the firm.
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