• SENSEX
    NIFTY 50
big story

We will now begin a new journey to build a new India, says Narendra Modi

272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
VIDEOS
Aviation

Jet Airways Crisis: Lenders may soon take a call on debt-equity conversion

Updated : April 18, 2019 12:47 PM IST

The decision on the debt-equity conversion will be taken by Jet Airways lenders once they get a binding offer from a potential buyer, multiple sources told CNBC-TV18.

With the Reserve Bank of India's Feb 12 circular being struck down by the Supreme Court, the debt-equity conversion became an issue. Also,

the lenders are hopeful that over the next 3 weeks, ahead of May 10th deadline, they will be able to address some of the concerns that potential buyers have expressed.

The big concern that potential buyers have is with respect to past liabilities. They want clarity on the kind of write-downs that will be taken by secured, unsecured creditors as well as operational creditors and obviously, it will be a no go if there isn’t enough assurance and comfort given on how much is likely to be written off.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV