The Economic Times | A Times Internet Limited product
The lenders to Jet Airways have received two bids for the cash strapped carrier, and none of the bids are from an airline. This is what ET Now has learnt reliably from sources close to the development. One of the bidders could be a fund. SBI Capital, which has the mandate for Jet's sale, decided to increase the bid submission deadline from April 10 to April 12th as its confident of other parties participating in the process.
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Watch Two bids received for Jet Airways: Sources With HD Quality.
The Economic Times | A Times Internet Limited product
The lenders to Jet Airways have received two bids for the cash strapped carrier, and none of the bids are from an airline. This is what ET Now has learnt reliably from sources close to the development. One of the bidders could be a fund. SBI Capital, which has the mandate for Jet's sale, decided to increase the bid submission deadline from April 10 to April 12th as its confident of other parties participating in the process.
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Watch Two bids received for Jet Airways: Sources With HD Quality
News video | 631 views
Watch Jet Airways Flight Hits Another Jet Airways Flight In Delhi | Major Disaster averted | iNews With HD Quality
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Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One Rupee Top Telugu TV
Debt-ravaged Jet Airways India, the country's biggest so-called full-service airline, is selling a majority stake for 1 rupee - a little more than 1 US cent. It's part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on February 21, in what would represent the rescue of one of the country's most visible companies at a sensitive time, with India's general election just weeks away.
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Here are the top stocks that are likely to be in focus in today's trading.
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Watch Stocks in news- Zee Ent, Tech Mah, Spice Jet, Jet Airways and HCL Tech With HD Quality
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India's oldest private carrier suspended all operations temporarily on Wednesday, with no money to fly and banks refusing to lend any more. It has left more than 15,000 employees in the lurch. What will be the future of Jet Airways? Anirban Chowdhury has more.
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Watch The Jet saga: Possible outcomes | Jet Airways Crisis | Economic Times With HD Quality
News video | 1313 views
No last word from lenders on interim funding yet. But, we believe in Jet and will leave no stone unturned to resurrect Jet. We are in constant touch with lenders: Jet Airways CEO Vinay Dube
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Watch Jet Airways CEO Vinay Dube breaks his silence on Jet crisis With HD Quality
News video | 532 views
The Economic Times | A Times Internet Limited product
The State Bank-led consortium of lenders Wednesday extended the deadline for submitting bids for the cash-strapped Jet Airways by two days to Friday, said SBI Capital Markets. On April 8, SBI Capital Markets invited bids on behalf of the lenders led by SBI, which has put between 31 percent and up to 75 percent in the airline for investors.
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Watch Banks extend deadline to submit bids for Jet stake to April 12 With HD Quality
News video | 728 views
Insolvency procedure for Jetairways kicks off with the committee of creditors calling in bids for airline. List of prospective buyers to be released by August 14 while deadline for submitting resolution plans is set for September 5th Rahul Jour with details
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Watch Jet Saga: Insolvency procedure kicks off with committee of creditors calling in bids for airline With HD Quality
News video | 513 views
Watch Jet Airways Plane Skids on Runway During Takeoff in Goa | Dabolim airport | 10 Injured | iNews With HD Quality
News video | 2101 views
Stakeholders in the restructuring process are in a hurdle. The stake of Naresh Goyal may fall below 15 percent post the fresh share issuance, while that of Etihad may go above 40 percent as it infuses money equity. Watch!
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