MUMBAI, Apr 11: Former Jet Airways chairman
Naresh Goyal is likely to submit initial bids for stake in the
airline on Thursday, sources said.
SBI Caps, which invited Expression of Interest (EoI)
for stake sale in Jet Airways on April 8, has already extended
the date for submission of bids to April 12 from April 10
earlier.
SBI Caps has the mandate for Jet Airways’ sale on
behalf of the SBI-led consortium of domestic lenders to the
debt-ridden private carrier.
It has put between 31 per cent and up to 75 per cent
in the airline for investors.
“Naresh Goyal is expected to submit initial bids for
Jet Airways sale today (Thursday),” a source close to Goyal
said.
The bidding norms allow Goyal to participate in the
sale process.
Goyal’s response on the issue was awaited.
SBI chairman Rajnish Kumar last month said, “It could
be financial investor, it could be airline… including Naresh
Goyal himself or Etihad. Nobody is barred from bidding or
taking over the airline as per the rule.”
Naresh Goyal, the founder of Jet Airways, and his wife
Anita Goyal last month stepped down from the board of the
ailing airline, ceding majority control to the consortium,
following reduction in their stake as per the resolution plan
formulated by the lenders.
The airline currently owes Rs 8,000 crore to lenders,
led by the SBI. (PTI)
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