SBI-led consortium seeking Naresh Goyal's exit as part of turnaround plan for Jet Airways
A consortium of lenders led by State Bank of India (SBI) want Jet Airways founder chairman Naresh Goyal to give up majority control and step down from the board of the troubled airline.
In a meeting on Tuesday, lenders to Jet Airways, including SBI, met representatives of Jet and Eithad Airways to discuss a financial restructuring plan for the airline, which if implemented, would result in Goyal losing majority stake in the airline.
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 morning
YOUR 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