SBI sets terms for Jet Airways sale
State Bank of India (SBI) on Monday invited bids from strategic and financial investors for stake sale in the cash-strapped Jet Airways.
SBI, the lead bank of the consortium of lenders of Jet Airways (India) Ltd., has offered bidders a maximum of 75% stake (8,51,98,037 shares). The minimum stake on offer is 31.2% (3,45,42,383 shares).
SBI Capital Markets Ltd., on behalf of the SBI, has invited expression of interest (EoI) for a change in control and management of Jet Airways. The last date for receipt of EoI is April 10.
