{"id":268583,"date":"2019-04-09T06:01:55","date_gmt":"2019-04-09T06:01:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=268583"},"modified":"2019-04-09T06:04:08","modified_gmt":"2019-04-09T06:04:08","slug":"public-sector-units-wealth-funds-can-bid-for-jet-airways-too","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/public-sector-units-wealth-funds-can-bid-for-jet-airways-too\/","title":{"rendered":"Public sector units, wealth funds can bid for Jet Airways too"},"content":{"rendered":"<p>Airlines, private equity firms, public sector units, and sovereign wealth funds will be eligible to bid for ownership and control of Jet Airways and will have to take a minimum 31.2 per cent stake in the airline.<\/p>\n<p>The expression of interest for stake sale opened on Monday and is a part of the bank-led resolution plan. While banks were to receive 114 million shares as a part of the resolution plan, that has been stuck in light of a Supreme Court judgment. The 31.2 per cent threshold for acquiring control in Jet Airways has been calculated as per the existing shareholding structure with no issue of equity to banks. <\/p>\n<p>Financial and strategic investors can bid individually or as a consortium and have to fulfill qualification criteria regarding net worth, capital available for deployment and so on. Government entities and sovereign wealth funds will be able to place a bid straight away and are exempt from the expression of interest stage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airlines, private equity firms, public sector units, and sovereign wealth funds will be eligible to bid for ownership and control of Jet Airways and will have to take a minimum 31.2 per cent stake in the airline. The expression of interest for stake sale opened on Monday and is a part of the bank-led resolution plan. While banks were to receive 114 million shares as a part of the resolution plan, that has been stuck in light of a Supreme Court judgment. The 31.2 per cent threshold for acquiring control in Jet Airways has been calculated as per the existing [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-268583","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268583","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=268583"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268583\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=268583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=268583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=268583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}