Naresh Goyal buys 29% stake in Jet Airways for Rs 1,434 crore

24 May 2013

Jet Airways chairman Naresh Goyal has bought 2.51 crore shares or 29.13 per cent stake in the private carrier for about Rs 1,434 crore from another promoter entity Tail Winds, a company incorporated in the Isle of Mann and wholly owned by Goyal.

At the end of March quarter, Tail Winds held 6.90 crore shares or 79.99% stake in Jet Airways, while Goyal owned 9,995 scrips, amounting to 0.01% stake in the company in his personal capacity. 

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