Mumbai: Etihad Airways PJSC, India’s National Investment and Infrastructure Fund (NIIF) and private equity firms TPG Capital and Indigo Partners were shortlisted on Monday to place binding bids for Jet Airways (India) Ltd, although there is no clarity on the eligibility of founder Naresh Goyal to bid for a stake in the cash-strapped airline.
Two people aware of the ongoing Jet Airways stake sale process said a final decision on Goyal’s eligibility was expected by Tuesday, when the cash-strapped airline’s lenders were also expected to formally declare the names of all eligible bidders. These bidders would be allowed access to Jet Airways’ data room before they can place binding bids by the end of May.
