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Etihad, a few others submit bids for Jet Airways

Press Trust of India  |  Mumbai 

State Bank, which leads the consortium of the lenders of Friday said they have received bids from and a few unsolicited parties to take over the grounded

The consortium of 26 lenders which now owns 51 percent in the airline, had invited expressions of interest between April 8 and 12 and had received four preliminary bids. Friday was the last day to submit financial bids by the qualified bidders.

"Sealed bid from has been received and the same will be submitted to lenders for examination," said SBI Caps, which is handling the bidding process.

It further said a few unsolicited offers have also been received which the lenders may deliberate on subsequently.

The lenders are offering 31.2-75 percent stake in the company on a fully diluted basis. Currently, the owes Rs 8,000 crore to the lenders.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 10 2019. 20:11 IST
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