NEW DELHI: The Jet AirwaysNSE -1.85 % revival plan has stalled over promoter Naresh Goyal’s insistence that his shareholding shouldn’t be capped at 22 per cent in “perpetuity”.
This had been one of Etihad’s conditions for providing funds to the airline, which needs Rs 750 crore immediately. The board of the Abu Dhabi carrier, which has a 24 per cent stake in Jet, hasn’t approved the funding because of Goyal’s insistence on waiver of the clause, said people with knowledge of the
