Lenders to Jet Airways on Friday said they had received financial bids from Etihad Airways and a few unsolicited parties to acquire a stake in the grounded airline.
The consortium of 26 lenders had invited expressions of interest between April 8 and 12 and had received four preliminary bids. The lenders are offering a 31.2 to 75 per cent stake in the company on a fully diluted basis.
Friday was the last day for the qualified bidders, cherry picked after submitting their expressions of interest (EOIs) last month, to submit binding financial bids.
SBI Caps, which has been mandated to organise the sale, in a statement said, “Sealed bid from Etihad Airways has been received and the same will be submitted to lenders for examination.”
