Naresh Goyal to buy 1.11% stake in Jet Airways from Tail Winds

Mumbai: Jet Airways Chairman Naresh Goyal will purchase over one per cent stake in the airline from another promoter entity, Tail Winds, for up to Rs 45 crore.
In a regulatory filing, Goyal said that he would acquire 9,60,369 equity shares, accounting for a 1.11 per cent stake, in Jet Airways from Tail Winds on September 30.
Goyal currently holds 5,69,73,296 shares or 65.99 per cent stake in Jet, which would rise to 67.1 per cent after the proposed share purchase. On the other hand, Tail Winds holds 77,76,212 equity shares or 9.01 per cent stake in Jet, which would decline to 7.89 per cent stake or 6,815,843 shares after the proposed transactions.
Read News In Full 24/09/13 PTI/Economic Times