Etihad Airways, the second-largest shareholder in Jet Airways and other lenders to the airline have reportedly approach UK’s Hinduja Group for a stake sale.
“The Hinduja Group has so far not given a clear commitment about investing in Jet, but began showing interest after Etihad representatives approached GP Hinduja, the elder brother, who heads the group. The senior Hinduja, in turn, put Etihad in touch with Ashok Hinduja, the younger brother, who leads the India business,” reported Economic Times.
Indian-born industrialist brother, Sri and Gopichand Hinduja, last week reclaimed the title of Britain’s wealthiest by posting fortunes of 22 billion pounds to their name. The industrialist brothers posted a 1.35 billion jump in their fortunes to rank at the top of The Sunday Times Rich List 2019. They had secured the number one rank back in 2014 and 2017.
