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Jet saga: Lenders delay stake sale to make room for more potential bidders

SBI Caps extends bid deadline till tomorrow to give room to more potential buyers; airline's board to meet today

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Jet Airways Crisis  |  Sbi  |  Etihad

Aneesh Phadnis Arindam Majumder & Surajeet Dasgupta  |  Mumbai/ New Delhi 

Delaying the Jet Airways stake sale process, lenders to the airline have extended the deadline for submission of expressions of interest (EoIs) by two days to April 12. At least two EoIs were received Wednesday evening, but the deadline was extended as some potential bidders sought more time, confirmed SBI Capital Markets Ltd, investment banker appointed for the deal.

Abu Dhabi-based Etihad Airways is among the likely bidders asking for time, a source in the know said. The Jet Airways board is expected to meet on Thursday, a day ahead of the rescheduled EoI deadline, to take key ...

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First Published: Thu, April 11 2019. 01:01 IST
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