After receiving Etihad\u2019s offer to buy partial stake in Jet Airways, lenders to the grounded airline will come up with a new scheme to attract more investors. SBI Caps, which is conducting the stake sale process of Jet Airways, will be coming up with a fresh plan by the end of this week.<\/p>\n
According to sources with direct knowledge of the development, Etihad has shown interest to acquire a only partial stake in Jet Airways \u2014 around 24% \u2014 which is one-third of the requirement. SBI Caps will chalk out the contours of the new scheme based on Etihad\u2019s offer. \u201cIt [Etihad\u2019s bid] is a bid, but it is not a complete bid. They are saying they are willing to participate, provided there is also someone who comes in. They have communicated their terms and conditions in their bid,\u201d said a source.<\/p>\n
Sources said after fresh shares are issued, Etihad\u2019s stake will fall to almost zero, from 24% now. Etihad has indicated it would like to retain 24% stake in the airline and has offered Rs. 1,700 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"
After receiving Etihad\u2019s offer to buy partial stake in Jet Airways, lenders to the grounded airline will come up with a new scheme to attract more investors. SBI Caps, which is conducting the stake sale process of Jet Airways, will be coming up with a fresh plan by the end of this week. According to sources with direct knowledge of the development, Etihad has shown interest to acquire a only partial stake in Jet Airways \u2014 around 24% \u2014 which is one-third of the requirement. SBI Caps will chalk out the contours of the new scheme based on Etihad\u2019s offer. […]<\/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":[130],"tags":[],"class_list":["post-274577","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274577","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=274577"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274577\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=274577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=274577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=274577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}