Jet Airways has received nearly Rs 700 crore fresh investment from a special purpose vehicle created by its strategic partner Etihad and the funds are likely to be utilised for refinancing debt. Abu Dhabi-based Etihad Airways currently holds 24 percent stake in the domestic carrier. Jet Airways on Thursday said it has issued nearly Rs 700 crore worth non-convertible debentures on private placement basis. Sources said EA Partners IBV, which is a special purpose vehicle formed by Etihad Airways with its equity partners, has subscribed to the non-convertible debentures.
01/10/15 moneycontrol.com
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01/10/15 moneycontrol.com
