Maximum stake on offer is 75% in the cash-strapped airline; .last date for receipt of EoI is April 10
State Bank of India (SBI) on Monday invited bids from strategic and financial investors for stake sale in the cash-strapped Jet Airways.
SBI, the lead bank of the consortium of lenders of Jet Airways (India) Ltd., has offered bidders a maximum of 75% stake (8,51,98,037 shares). The minimum stake on offer is 31.2% (3,45,42,383 shares).
SBI Capital Markets Ltd., on behalf of the SBI, has invited expression of interest (EoI) for a change in control and management of Jet Airways. The last date for receipt of EoI is April 10.
Selected bidders are required to submit binding bids by April 30, 2019.
This story is from the April 09, 2019 edition of The Hindu.
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This story is from the April 09, 2019 edition of The Hindu.
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