Jet Airways founder Naresh Goyal has pledged 5 per cent stake in the ailing airline to SBICap trustee company on April 12 as security for loans, according to a regulatory filing. Last on April 4, he had pledged 26 per cent of the shares to Punjab National Bank (PNB). A total of 58,95,704 shares were pledged by Goyal, which amount to 5.19 per cent of the share capital.
The pledge was created on April 4 as “security for existing/ new borrowings taken by Jet Airways (India) Ltd,” the filing to the BSE said. Last month, Naresh Goyal and his wife Anita Goyal quit the board of cash-strapped carrier as part of a debt resolution plan. Goyal had founded the company more than 25 years ago.
