Etihad Group CEO Tony Douglas has written to State Bank of India (SBI) that his airline will invest in Jet Airways only at Rs 150 per share, sources told CNBC-TV18.
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The UAE-based airline company wants an exemption from Sebi on preferential pricing and open offer guidelines in order to invest more money in Jet for its bailout, sources added.
Etihad added that the current situation of Jet Airways is precarious and needs emergency funding.
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