For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Naresh Goyal acquires 37% stake in Jet Airways for Rs 1,670 cr

    By Religare
    |
    Naresh Goyal acquires 37% stake in Jet for Rs 1,670 cr
    Naresh Goyal, chairman of Jet Airways picked up nearly 37 per cent stake in the company from Tail Winds for about Rs 1,670 crore and took his direct stake in the private carrier to about 66 per cent.
     

    Earlier last week, Goyal had purchased 29 per cent stake from Tail Winds for about Rs 1,434 crore.

    After the completion of Jet-Etihad deal, Jet has proposed to have 51 per cent stake with Goyal, 24 per cent with Etihad and remaining 25 per cent with the public.

    An OFS for sale of shares to public investors undertaken by the company yesterday could get only 69 per cent subscription.

    According to information available with the stock exchanges, Goyal purchased 3.18 crore shares, amounting to 36.85 per cent stake, of Jet Airways in his personal capacity.

    The shares were bought on an average price of Rs 525 valuing the transaction to Rs 1,670.3 crore.

    At the end of March quarter, Tail Winds held 6.90 crore shares or 79.99 per cent stake in Jet Airways, while Goyal owned 9,995 scrips, amounting to 0.01 per cent holding, in the company in his personal capacity.

    Read more about: jet airways india
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more