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SBI To Begin Fresh Search For A Majority Investor In Jet Airways
Jet Airways lenders took the call to initiate another search process at a meeting on Monday after Etihad’s non-binding offer.
14 May 2019, 05:28 PM IST
Nearly six months after State Bank of India began scrambling to stitch together a resolution plan for Jet Airways (India) Ltd., the country’s largest lender finds itself back at square one.In bids closed last week, Etihad Airways PJSC offered to retain its 24 percent equity stake in Jet Airways but stopped short of offering any comprehensive resolution plan.With no other serious bidders emerging, lenders led by SBI are now preparing ...
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