The lenders of Jet Airways on Monday invited bids from overseas and Indian investors for up to 75 per cent of the beleaguered carrier, sparking some confusion about whether founder Naresh Goyal and estranged partner Abu Dhabi-based Etihad Airways’ holdings were also being put on the block.
The bids have been sought from both strategic and financial investors. Resident and non-resident Indians, foreign individuals and persons of Indian origin living abroad can also bid.
The expression of interest (EOI) bids will have to be submitted by April 10 along with a stack of documents that must include a solvency certificate to qualify for the right to stump up a bid.
