NEW DELHI: Embattled Jet Airways promoter Naresh Goyal, who was forced to cut his stake in the cash-strapped airline, will be eligible to bid for takeover of one of the oldest private carrier when the lenders auction it next month, SBI chairman Rajnish Kumar said on Monday.
State Bank of India, which is the leader of the group of lenders, will next month invite expression of interest from buyers willing to takeover the airline and will finalise the investor by May end, he said.
Consortium of lenders led by the SBI on Monday agreed to put in Rs 1,500 crore immediate funding by acquiring 51 per cent stake in the company through issue of Rs 11.4 crore fresh shares.
As a result, the stake of promoter Naresh Goyal will come down to 25 per cent from 51 per cent, while Abu Dhabi’s Etihad Airways, which had a 24 per cent stake in the carrier, came down to 12 per cent.
