Meanwhile, market regulator Sebi and competition watchdog CCI have sought clarity from the domestic carrier on the transaction, to ensure that Etihad's ownership powers in Jet remains in line with its 24 per cent stake in the company's equity capital. Sources said the regulator may suggest certain changes, or at least an additional disclaimer by the two parties involved in the deal to ensure compliance with the FDI norms on ownership. This is the largest foreign investment proposal in the aviation sector after the government allowed foreign carriers to pick up stake in domestic airlines in September last year.
In March, the FIPB had cleared the Rs 81 crore investment proposal of AirAsia to set up a JV airline company with Tata Sons and another partner. Shares of Jet Airways were trading at Rs 531.65 apiece, down 0.64 per cent on the BSE. Last week, shareholders of Jet Airways had given their approval for the proposed deal. PTI