Jet Airways plans to raise about Rs 2,500 crore through rights issue

Government-owned infrastructure fund National Infrastructure Investment Fund is likely to buy a 19% stake for Rs 1,500 crore

Cash-starved Jet Airways plans to raise about Rs 2,500 crore through a rights issue. Its lenders are also looking at a debt-to-equity conversion.

While lenders may convert Rs 1,000 crore of debt into equity, they will also participate in the equity infusion through a rights issue as part of the deal. Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.

Lenders are expected to participate in a rights issue to raise capital. Government-owned infrastructure fund National Infrastructure