SBI Caps extends bidding deadline for Jet Airways stake sale
New Delhi: SBI Capital Markets Ltd on Wednesday extended the deadline for investors to bid for a controlling stake of up to 75% in Jet Airways (India) Ltd by two days till Friday. A notice posted on the website of the state-run investment bank said the revised last date for sending queries is 11 April and that expressions of interest will be accepted till 6pm on 12 April.
An official privy to the Jet Airways bidding process, however, said that a few investors have made enquiries about the stake sale.
Wednesday was a tough day for Jet Airways as Indian Oil Corp. Ltd halted fuel supplies to the airline for breaching the credit limit agreed upon, a person aware of the matter said. This is the second time Indian Oil is halting supplies to the airline over dues.
