Motilal Oswal
    NIFTY 50
Motilal Oswal

SBI-led consortium seeking Naresh Goyal's exit as part of turnaround plan for Jet Airways

Updated : January 09, 2019 10:30 AM IST

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.
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