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SBI set to own 15% of Jet Airways after debt for equity swap

Updated : January 29, 2019 02:28 PM IST

Jet Airways said on Monday it would seek a shareholder nod next month to convert existing debt into equity, raise more money and allow its lenders to nominate a director on its board as part of efforts to resolve its financing problems.
SBI set to own 15% of Jet Airways after debt for equity swap

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