{"id":266310,"date":"2019-03-26T05:29:22","date_gmt":"2019-03-26T05:29:22","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266310"},"modified":"2019-03-26T05:29:22","modified_gmt":"2019-03-26T05:29:22","slug":"expect-to-find-a-buyer-for-jet-airways-by-31-may-sbi-chairman-rajnish-kumar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/expect-to-find-a-buyer-for-jet-airways-by-31-may-sbi-chairman-rajnish-kumar\/","title":{"rendered":"Expect to find a buyer for Jet Airways by 31 May: SBI chairman Rajnish Kumar"},"content":{"rendered":"<p>New Delhi: State Bank of India (SBI) on Monday said that it expects investors for the cash-strapped Jet Airways (India) Ltd by the end of May and founder Naresh Goyal has option of increasing his stake in the beleaguered airline to beyond 25% in the future.<\/p>\n<p>Naresh Goyal resigned as chairman of Jet Airways on Monday, two decades after he started the full-service airline. Jet Airways lenders, led by SBI, will immediately infuse \u20b91,500 crore in the airline.<\/p>\n<p>Lenders will subsequently acquire 51% stake in the airline by issuing 11.4 crore new shares. This move will reduce Goyal&#8217;s stake in Jet Airways to 25% from 50%, while Etihad Airways&#8217; stake will pare down to 12% from 24 at present.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: State Bank of India (SBI) on Monday said that it expects investors for the cash-strapped Jet Airways (India) Ltd by the end of May and founder Naresh Goyal has option of increasing his stake in the beleaguered airline to beyond 25% in the future. Naresh Goyal resigned as chairman of Jet Airways on Monday, two decades after he started the full-service airline. Jet Airways lenders, led by SBI, will immediately infuse \u20b91,500 crore in the airline. Lenders will subsequently acquire 51% stake in the airline by issuing 11.4 crore new shares. This move will reduce Goyal&#8217;s stake in [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-266310","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266310","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=266310"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266310\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}