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Aviation

SBI-led lenders invite bids to acquire up to 75% stake in Jet Airways

Updated : April 08, 2019 02:45 PM IST

The bid document shows that lenders are looking to sell a minimum of 31 percent equity stake in the airline, or 3.5 crore shares and a maximum of 75 percent equity stake or 8.5 crore shares.
With the debt conversion stalled, the shareholding pattern currently remains unchanged, with promoter Naresh Goyal continuing to hold 51 percent stake in Jet Airways, and Etihad Airways 24 percent.
SBI-led lenders invite bids to acquire up to 75% stake in Jet Airways
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