Jet gets two unsolicited bids, one more expected: SBI chairman

May 10, 2019 16:56

State Bank of India chairman Rajnish Kumar Friday said the lenders have received two "unsolicited" bids for Jet Airways and "one" more is expected by the end of the day, keeping the hopes for the revival of the grounded carrier alive.

The consortium of 26 lenders, led by State Bank which now owns 51 percent in the airline, had invited expressions of interest between April 8 and 12 and had received four preliminary bids.

Friday is the last day to submit financial bids and media reports said none of the four bidders--private equity firms IndiGo Partners and TPG, and Jet's strategic partner Etihad and the country's sovereign wealth fund NIIF--are unlikely to submit financial bid. -- PTI

« Back to LIVE

TOP STORIES

Will win by a bigger margin, says Brij Bhushan's son

Karan Bhushan rejects the charges against his father, saying the "allegations are political and made up. We will challenge them in court".

IPL 2024: Captain Pandya's form mirrors MI's woes

Hardik Pandya had a below-par season in IPL 2024, scoring 216 runs at an average of 18 and taking 11 wickets at an economy rate of 10.75.

Had packed my bags in April itself: Kohli on RCB's disastrous first half

Reflecting on RCB's disastrous first half of the tournament, star batter Virat Kohli admitted he had his 'bags packed in April' itself.

WB Guv molestation case: FIR against 3 Raj Bhavan officials

Under Article 361 of the Constitution, no criminal proceedings can be instituted against a governor during his term in office.

INDIA bloc slams Modi for 'Ram temple-bulldozer' claim

Kharge accused PM Modi of inciting people over the issues "that the Congress will never do".