Naresh Goyal to acquire additional 1.11% stake in Jet Airways for Rs 45 crore

Jet Airways’ Chairman Naresh Goyal will acquire 9,60,369 equity shares or 1.11% stake in the airline from another promoter entity, Tail Winds, for up to Rs 45 crore. Post acquisition the Goyal’s stake in the company would rise to 67.1% from 65.99% at present.

On the other hand, Tail Winds holds 77,76,212 equity shares or 9.01% stake in company, which would decline to 7.89% stake or 6,815,843 shares after the proposed transactions.

Jet Airways has proposed to sell 24% stake in the company to Abu Dhabi-based Etihad Airways for Rs 2,058 crore.