The Hinduja Group may invest Rs. 1,000-1,500 crore in Jet Airways as part of a plan to revive the airline, along with Etihad Airways, State Bank of India and London-based AdiGro. At a meeting attended by representatives from the four companies, it was agreed to explore the creation of a consortium to own Jet Airways.
Under the plan being discussed, Etihad will retain its 24 per cent stake in the company, while SBI may take 20 per cent stake. The Hinduja Group could acquire 20-25 per cent. Adigro has already expressed willingness to bring in Rs. 2,500 crore worth of equity.
