New Delhi: The Foreign Investments Promotion Board (FIPB), is set to discuss the Jet-Etihad deal on July 29. The board had deferred the decision on the deal in its July 14 meeting.
In April, Jet Airways had announced the sale of 24 per cent stake to Abu Dhabi-based Etihad for Rs 2,058 crore.
The stake sale proposal is the biggest deal in the Indian aviation industry after the government's announcement in September last year that relaxed foreign direct investment norms in aviation, allowing foreign carriers to buy stake in Indian carriers.
However, capital markets regulator Sebi, along with the ministries of civil aviation and corporate affairs, raised concerns over the Rs 2,058 crore deal at the July 14 meeting.
Read news in Full 20/07/13 Indian Express
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