SBI charts a new course for Jet without Naresh Goyal, Etihad3 min read 01 Apr 2019, 12:49 AM IST
Lender proposes a ₹9,535 crore fund infusion, including ₹3,800 crore from two new investors
The resolution plan believes Jet’s lenders will make a gain of ₹2,636 cr if its share price rises to ₹300 by March 2022
MUMBAI : State Bank of India (SBI), the biggest lender to Jet Airways (India) Ltd, has proposed a new plan to revive the ailing carrier that involves a total fund infusion of ₹9,535 crore, and the exit of founder Naresh Goyal and Etihad Airways PJSC.
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