{"id":273882,"date":"2019-05-13T06:08:40","date_gmt":"2019-05-13T06:08:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273882"},"modified":"2019-05-13T06:08:40","modified_gmt":"2019-05-13T06:08:40","slug":"jet-airways-shares-slump-after-reports-of-etihads-non-binding-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-shares-slump-after-reports-of-etihads-non-binding-offer\/","title":{"rendered":"Jet Airways shares slump after reports of Etihad&#8217;s non-binding offer"},"content":{"rendered":"<p>NEW DELHI: Shares of Jet Airways Ltd fell upto 11.4% today morning after reports said a bid for a minority stake by Etihad Airways is non-binding and subject to fulfilment of certain conditions by Jet\u2019s lenders.<\/p>\n<p>Jet Airways shares, which have tumbled almost 70% over the past year, were trading at \u20b9144.05, down 5.11% or \u20b97.75.<\/p>\n<p>Among its conditions, Etihad Airways, which owns about 24% stake in Jet, wants an exemption from an open offer that may be triggered by a change in ownership structure of Jet Airways.<\/p>\n<p>The Middle Eastern carrier had not been able to find a local partner and lenders may need to take about 80% haircut on their outstanding loans to Jet Airways, Mint reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Shares of Jet Airways Ltd fell upto 11.4% today morning after reports said a bid for a minority stake by Etihad Airways is non-binding and subject to fulfilment of certain conditions by Jet\u2019s lenders. Jet Airways shares, which have tumbled almost 70% over the past year, were trading at \u20b9144.05, down 5.11% or \u20b97.75. Among its conditions, Etihad Airways, which owns about 24% stake in Jet, wants an exemption from an open offer that may be triggered by a change in ownership structure of Jet Airways. The Middle Eastern carrier had not been able to find a local [&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-273882","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\/273882","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=273882"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273882\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}