Lifeline for Jet after promoters put in Rs 750 cr

Lenders do not want to be majority shareholders in Jet Airways. They have therefore agreed to a debt conversion and to hold equity up to 49%... thumbnail 1 summary
Lenders do not want to be majority shareholders in Jet Airways. They have therefore agreed to a debt conversion and to hold equity up to 49% of the airline. Lenders other than SBI and PNB will bring in an additional Rs 1,000 crore as part of this plan. This is subject to the airline promoters bringing in Rs 750 crore promoter contribution.

from The Times of India https://ift.tt/2Cabyuq

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