AdiGro Aviation, a unit of the UK-based AdiGroup, on Thursday placed a binding bid for the cash-strapped Jet Airways. In its bid, the company has sought some haircut on the debt accumulated by the airline, Sanjay Viswanathan, chairman, AdiGroup, told Financial Express.
“We put a bid that takes into account the lender group. We have not asked for very large haircuts, we are also going to give equity to the lenders so that they can recover their money,” Viswanathan said.
This is the second time that the company submitted its bid for Jet Airways. Its earlier bid was rejected as the company was perceived to be part of a consortium which had Naresh Goyal Read More