Lenders to Jet Airways are exploring the option of readying a blueprint aimed at garnering returns of Rs. 2,636 crore in three years if they do not find a single investor to buy a majority stake in the airline.
Under this plan, the lenders are hoping to raise Rs. 5,135 crore through a rights issue at Rs. 150 per share. Two new financial investors may be roped in as minority shareholders to bolster the rights issue.
Post this exercise, the lenders will hold about 30 per cent stake in Jet Airways. The two new investors will hold 19.9 per cent and 24.6 per cent, respectively, according to a source close to the development. Both Naresh Goyal and Etihad will completely exit the company.
