Business Standard

Billionaire Hinduja brothers set to bid for Jet Airways by Jan 15: Report

Deliberations are at early stage and Hinduja Group may decide against bidding, or other bidders may emerge, the people said

Jet Airways (Illustration: Ajay Mohanty)
Premium

The U.K.-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the Jan. 15 deadline. (Illustration: Ajay Mohanty)

Bloomberg
The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd., according to people familiar with the matter.

The U.K.-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the Jan. 15 deadline, signaling its intent to make a formal offer, the people said, asking not to be identified as the deliberations are private. Hinduja is seeking a partner to bid, one of the people said.

Creditors are seeking fresh bids for Jet Airways after earlier getting interest from only a single company, Synergy Group Corp. The Mumbai-based

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 30 2019 | 9:32 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com