State Bank of India chairman Rajnish Kumar on Friday said the lenders have received two “unsolicited” bids for Jet Airways and “one” more is expected by the end of the day, keeping the hopes for the revival of the grounded carrier alive.
The consortium of 26 lenders, led by State Bank which now owns 51 percent in the airline, had invited expressions of interest (EoIs) between April 8 and 12 and had received four preliminary bids.
Friday is the last day to submit financial bids and media reports said none of the four bidders — private equity firms IndiGo Partners and TPG, and Jet’s strategic partner Etihad and the country’s sovereign wealth fund NIIF — are likely RPT likely to submit financial bid.
