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Jet airways etihad airways and Sbi?

Priya Kashyap (Student) (7053 Points)

23 March 2019

what exactly is happening between SBI and ethihad airways regarding sale of stake ?
anyone having an overview over this share it pleaseee
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3 Replies

CS Vasudev Sharma (Service) (405 Points)
Replied 25 March 2019

I think the link below might help

https://www.businesstoday.in/sectors/aviation/etihad-offers-to-sell-its-24-jet-airways-stake-to-sbi-at-a-loss/story/329415.H T M L

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CS Vasudev Sharma (Service) (405 Points)
Replied 25 March 2019

https://www.livemint.com/companies/news/deal-or-no-deal-etihad-to-take-final-call-on-jet-airways-on-31-march-1553467810101.H T M L

CS Vasudev Sharma (Service) (405 Points)
Replied 26 March 2019

Naresh Goyal and his wife Anita have quit the Jet Airways board, the company said. Naresh, who founded Jet 25 years ago, will cease to be the carrier’s chairman and his stake will be halved to 25.5%. Jet’s lenders will convert their debt into equity, take a controlling stake for a token sum of ₹1 and infuse ₹1,500 crore into the company. An interim committee is likely to manage the debt-laden airline's operations and the lenders hope to find a buyer by May-end.