SBI Capital Markets, consultants for the sale of Jet Airways, has started meeting unsolicited bidders with Etihad expressing its limitation as far as investing in the airline is concerned. On Wednesday, officials from SBI Caps met Mumbai-based Darwin Group. SBI Caps has also been in touch with other unsolicited bidders for the airline, including UK-based group Adi Partners, and may meet them soon.
A State Bank of India-led consortium of lenders had in April initiated the sale process of the airline. Abu Dhabi-based Etihad Airways, the National Infrastructure and Investment Fund, private equity firms Indigo partners and TPG Capital were shortlisted as possible buyers.
