‘Reports on Jet-Etihad fundraising talks speculative’ | Mint
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Business News/ Companies / News/  ‘Reports on Jet-Etihad fundraising talks speculative’
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‘Reports on Jet-Etihad fundraising talks speculative’

Jet Airways tells BSE it continues to be in fundraising talks with various investors amid a report that Naresh Goyal is seeking financial support from Etihad

Etihad holds 24% stake in Jet Airways. Photo: Abhijit Bhatlekar/MintPremium
Etihad holds 24% stake in Jet Airways. Photo: Abhijit Bhatlekar/Mint

New Delhi: Jet Airways (India) Ltd said Wednesday it continues to be in active discussions with various investors, amid reports that its founder Naresh Goyal is in talks with Etihad for financial support. The response came after the BSE sought a clarification on the news report “Naresh Goyal and Etihad discussing merger of Jet Privilege and Jet Airways. Naresh Goyal in Abu Dhabi in talks with Etihad for financial support".

Terming such reports as “speculative in nature", the airline said it is committed to make appropriate disclosures in accordance with applicable regulations to avoid any speculative activities.

“The company continues to be in active discussions with various investors to secure sustainable financing to navigate through the current headwinds and create long term growth," Jet Airways said in a filing to the BSE.

Etihad holds 24% stake in Jet Airways.

Jet Airways, which is battling financial woes, also told the exchange that there are no discussions or decisions by its board that would require disclosure under Sebi norms.

On Wednesday, Jet Airways shares rose nearly 3% to close at 318.60 on the BSE.

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Published: 22 Nov 2018, 12:02 AM IST
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