{"id":259170,"date":"2019-02-15T11:38:27","date_gmt":"2019-02-15T11:38:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=259170"},"modified":"2019-02-15T11:38:27","modified_gmt":"2019-02-15T11:38:27","slug":"jet-airways-seeks-to-raise-840-million-from-share-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-seeks-to-raise-840-million-from-share-sale\/","title":{"rendered":"Jet Airways seeks to raise $840 million from share sale"},"content":{"rendered":"<p>Jet Airways Ltd plans to raise about $840 million from a government fund and a rights issue, Business Television India said, a day after the company&#8217;s board approved a deal for some lenders to infuse funds and restructure debt.<\/p>\n<p>India&#8217;s National Investment and Infrastructure Fund will funnel 15 billion rupees ($210 million) into the debt-laden carrier for a 20 percent stake and Jet may propose to raise 45 billion rupees via a rights issue priced at 125-150 rupees per share, Business Television India reported, citing sources. <\/p>\n<p>Jet said on Thursday its board had approved a rescue deal that will make its lenders its largest shareholders and fix a near 85 billion rupee ($1.2 billion) funding gap.<\/p>\n<p>Jet and the fund were not immediately available for comment.<\/p>\n<p>Shares in Jet were volatile, dropping as much as 4.8 percent when trading opened on Friday and rising as much as 7.5 percent later as investors cheered the rescue deal. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jet Airways Ltd plans to raise about $840 million from a government fund and a rights issue, Business Television India said, a day after the company&#8217;s board approved a deal for some lenders to infuse funds and restructure debt. India&#8217;s National Investment and Infrastructure Fund will funnel 15 billion rupees ($210 million) into the debt-laden carrier for a 20 percent stake and Jet may propose to raise 45 billion rupees via a rights issue priced at 125-150 rupees per share, Business Television India reported, citing sources. Jet said on Thursday its board had approved a rescue deal that will make [&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":[229],"tags":[],"class_list":["post-259170","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259170","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=259170"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259170\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=259170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=259170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=259170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}