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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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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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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The fall of Jet Airways is a story of the fall of its founder Naresh Goyal. Few failures in the corporate world are so inseparable from their promoters. The man who made Jet the number one Airline of India is also inextricably responsible for its downfall. What were his significant mistakes which brought down the Airline? Anirban Chowdhury of The Economic Times explains. Watch
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Lenders of Jet Airways are likely to pick up a substantial stake in the debt-laden airline till a new promoter is roped in, sources said. The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes, they added. The State Bank of India-led consortium of lenders is working on a resolution plan for the cash-strapped Jet Airways for the last five months. The full service carrier has a debt burden of more than Rs 8,200 crore and needs to make repayments worth up to Rs 1,700 crore by March end.
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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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Naresh Pavitra Lokesh Allegations | Naresh Properties & Assets | Pavitra Naresh Love | Top Telugu TV
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On Thursday today, the Sensex and the Nifty slumped more than 3 per cent to their lowest since May 2014 and headed for a fourth consecutive session of losses after Fed chair Janet Yellen kept options open for more US rate hikes.
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ਕਰਵਾ ਚੌਥ ਤੋਂ 1 ਦਿਨ ਪਹਿਲਾਂ ਹੀ ਪਟਿਆਲਾ ਦੇ ਬਾਜ਼ਾਰਾ 'ਚ ਸੁਹਾਗਣਾ ਦੇ ਹੱਥਾਂ 'ਤੇ ਮਹਿੰਦੀ ਲਗਾਉਣ ਦੀਆਂ ਲੱਗੀਆਂ ਰੌਣਕਾਂ
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News video | 222 views
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ਸਾਬਕਾ ਯੂਥ ਕਾਂਗਰਸ ਪ੍ਰਧਾਨ Angad Dutta ਖਿਲਾਫ ਸਿਆਸੀ ਦੁਰਵਿਵਹਾਰ ਦੇ ਦੋਸ਼ਾਂ ਦਰਮਿਆਨ CBI ਜਾਂਚ ਦੇ ਹੁਕਮ
News video | 249 views
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If you love homestyle cocktails, reviews of Alcohol, Drink kn
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