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Jet Airways lenders to take 9.5% stake, massive haircut

By Beena Parmar

  • 01 Jul 2021
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Jet Airways lenders to take 9.5% stake, massive haircut
Credit: Reuters

The final winning bidder consortium of Dubai-based businessman Murari Lal Jalan and German investor Florian Fritsch will acquire embattled Jet Airways Ltd for Rs 500 crore ($67 million) under the insolvency resolution process.  In total, the successful resolution applicant has proposed a total cash infusion of Rs 1,375 crore, of which ......

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