New Delhi: Jet Airways' proposed sale of a 24 per cent stake to Abu Dhabi-based Etihad has got Sebi's go-ahead after both carriers revised their deal to comply with conditions set by the markets regulator.
After studying the revised deal structure, Sebi was of the opinion that the Rs 2,058 crore transaction would not trigger a mandatory open offer for purchase of shares from public shareholders and Etihad would not be considered a promoter entity in Jet Airways.
However, Sebi has left it to the government to take a final call on the revised Commercial Cooperation Agreement ( CCA) proposed by Jet and Etihad Airways, sources said.
Read news in full 01/10/13 PTI/Economic Times
Sunday, 6 October 2013
Jet-Etihad deal gets Sebi green signal; no open offer required
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