Jet Airways revival: SBI chairman to meet SEBI chairman on Etihad’s proposal


The State Bank of India (SBI) chairman is set to meet the Securities and Exchange Board of India (SEBI) chief on the proposal to revive Jet Airways, sources told CNBC-TV18.

Etihad Group CEO Tony Douglas earlier wrote to SBI, saying that the airline will invest in Jet only at Rs 150 per share. Etihad wants an exemption from Sebi on preferential pricing and open offer guidelines in order to invest more money in jet for its bailout.

If one goes by the high-low of the last six months, the offer should have been Rs 262, however, it stands much lower now. Read More

You may also read!

PM Modi lays foundation for Rs 20,000 crore defence corridor in UP

Prime Minister Narendra Modi today laid the foundation of the flagship Bundelkhand Defence Industrial Corridor in Jhansi district of

Read More...

Boeing to showcase advanced capabilities at Aero India 2019

Boeing will showcase a range of platforms, support and training capabilities at Aero India 2019, including the F/A-18 Super

Read More...

Ahead of Crown Prince Salman’s Visit to India, Saudi Arabia Backs India’s Fight Against Terrorism and Extremism

Saudi Arabia on Friday said it stood with India's fight against terrorism and extremism and denounced as "cowardly" the

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu