Anil Agarwal changes his mind, says won't invest in Jet Airways

On Sunday, Agarwal's investment company Volcan Investment, had submitted an expression of interest in buying Jet Airways

In the second major setback to the lenders bid to revive the grounded Jet Airways by selling it out, billionaire businessman Anil Agarwal, a day after announcing interest in the airline, Monday said he is no longer interested to pursue the deal.

With this, only two financial investors are left in the fray. Already deep-pocketed players like Etihad, which is already is an equity partner in the airline and also the Hindujas have backed out of the sale process.

On Sunday, Volcan Investment, Agarwal's investment company said it had submitted the expression of interest on Saturday-the last day of the extended bidding