Jet Airways bidder seeks more time to sweeten offer; lenders give bidders a week to submit revised bids
A consortium comprising Haryana-based Flight Simulation Technique Centre, Mumbai-based Big Charter and Abu Dhabi’s Imperial Capital Investments has requested lenders to Jet Airways for more time to submit a better bid. FE learned that lenders have given both bidders a week to submit revised bids. The second suitor is a consortium of Kalrock Capital and entrepreneur Murari Lal Jalan.
“We have given more time as one of the bidders approached us to increase its offer,” a banker close to the development told FE. “Both bidders can submit revised bids to lenders by next week,” he added.
