Etihad to Invest in Jet Airways at Discounted Rs 150 Per Share

Etihad to Invest in Jet Airways at Discounted Rs 150 Per Share
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Etihad to Invest in Jet Airways at Discounted Rs 150 Per Share
Etihad Airways has offered to invest in debt-laden Indian carrier Jet Airways Ltd at 150 rupees ($2.11) per share, along with an immediate release of $35 million
The offer comes at a staggering 49 percent discount to Jet’s closing price of 293.70 rupees on Tuesday
Jet Airways shares tumbled after the report, falling as much as 7.5 percent to 271.75 rupees in their biggest intraday percentage loss since December 10, 2018
Etihad Chief Executive Tony Douglas has written to State Bank of India on the restructuring plan for the airline
Etihad, which owns 24 percent of Jet, wants exemption from the market regulator on preference pricing and open offer guidelines to invest more for the bailout

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