Naresh Goyal, the Promoter and Chairman of Jet Airways along with his wife, Anita Goyal has stepped down from their positions in the board.
Naresh Goyal will also cease to be the Chairman of the Company. Along with the Goyals, another board member nominee on behalf of Etihad Airways has also resigned.
A board meeting was held on Monday where it was decided that equity shares of Lenders’ debt worth Rs 11.4 crore will be converted at Rupee one each. The bidding process will be initiated by lenders for sale or issue of shares to new investors by the June quarter. In addition, an interim funding of Rs 1500 crore will be pumped in by lenders.
