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Etihad Proposes To Increase Its Stake To 49% In Jet Airways
Etihad has proposed a rights issue worth $500 million Etihad currently holds 24 per cent in Jet Airways The rights issue by Etihad is expected to be at around Rs. 160 per share
21 Jan 2019, 08:28 PM IST 
The airline is likely to infuse Rs 2,170 crore by subscribing to the rights issue.
In a fresh twist to the ongoing Jet Airways bailout saga, lenders are now mulling over a fresh proposal. With no resolution forthcoming last week and a deadlock persisting, Abu Dhabi-owned Etihad has submitted an alternate proposal for a stake hike in Jet Airways. With the Sebi (Securities and Exchange Board of India) formula for preferential allotment seen as unrealistic and unworkable, Etihad has proposed a rights issue worth $500 ...
