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SBI proposes Jet Airways revival plan, seeks exit of Naresh Goyal, Etihad Airways, says report

Updated : April 01, 2019 09:01 AM IST

The report said the bank is planning an equity infusion of Rs 3,800 crore by two investors, that remain unidentified, and a Rs 850 crore equity infusion by public sector banks led by SBI, Rs 485 crore on behalf of public shareholders and additional debt of Rs 2,400 crore and non-fund based facilities of Rs 2,000 crore.
The plan, according to the report said, also pushes for a complete exit of Etihad, large haircuts for banks which include a write-off of debt by the domestic lenders to the ailing airline.
SBI proposes Jet Airways revival plan, seeks exit of Naresh Goyal, Etihad Airways, says report

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