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.