{"id":247197,"date":"2019-02-15T07:20:51","date_gmt":"2019-02-15T07:20:51","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=247197"},"modified":"2019-02-15T07:20:51","modified_gmt":"2019-02-15T07:20:51","slug":"jet-airways-board-okays-debt-resolution-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-board-okays-debt-resolution-plan\/","title":{"rendered":"Jet Airways\u2019 Board okays debt resolution plan"},"content":{"rendered":"<p>Debt-laden Jet Airways Board today approved a bank-led provisional resolution plan (BLPRP) which will pave the way for conversion of the airline\u2019s debt into equity, making lenders the largest shareholders in the company.<\/p>\n<p>The plan proposes restructuring, under the provisions of the Reserve Bank of India\u2019s February 12, 2018 circular, to meet a funding gap of nearly Rs 8,500 crore.<\/p>\n<p>\u201cThe BLPRP contemplates conversion of lenders\u2019 debt into 11.40 crore shares of Rs 10 each by allotment of such number of equity shares to the lenders that would result in the lenders becoming the largest shareholders in the company,\u201d the airline said in a filing to exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debt-laden Jet Airways Board today approved a bank-led provisional resolution plan (BLPRP) which will pave the way for conversion of the airline\u2019s debt into equity, making lenders the largest shareholders in the company. The plan proposes restructuring, under the provisions of the Reserve Bank of India\u2019s February 12, 2018 circular, to meet a funding gap of nearly Rs 8,500 crore. \u201cThe BLPRP contemplates conversion of lenders\u2019 debt into 11.40 crore shares of Rs 10 each by allotment of such number of equity shares to the lenders that would result in the lenders becoming the largest shareholders in the company,\u201d the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[224,130,150],"tags":[],"class_list":["post-247197","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-tribune","category-newspapers","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/247197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=247197"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/247197\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=247197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=247197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=247197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}