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Access here alternative investment news about Public Sector Units, Wealth Funds Can Bid For Jet Airways Too | Business Standard News
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Public Sector Units, Wealth Funds Can Bid For Jet Airways Too | Business Standard News

by business-standard.com posted 1month ago 17 views
Bid document does not consider debt-equity conversion, issue of shares to banks. : 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.

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