Hinduja is seeking a partner to bid, one of the people told Bloomberg.

Earlier this month, the National Company Law Tribunal (NCLT) had directed the CoC to expedite their decision on seeking fresh EoIs in view ...

The direction from the Mumbai bench of the National Company Law Tribunal (NCLT) came after Jet Airways’ resolution professional informed it...

The RP Ashish Chawcharia requested three weeks time to float the EoI. The RP on December 17 had told the tribunal that until now two invest...

Grounded Jet Airways failed to attract any new bidders during the extended deadline, according to a source.

On further evaluation we intend to not pursue it, Agarwal said in a statement.

With Volcan pulling out, only two entities are left in the fray to buy stake in the airline.

Etihad, the national carrier of the UAE picked up 24 per cent stake in Jet Airways in 2013.

Billionaire’s family trust is one of the three entities that responded to the call for expressions of interest (EOI).

Last week, the State Bank of India-led consortium of lenders to Jet Airways said it has received bids from Etihad Airways

Until this development, Goyal’s departure had been seen as a key element of any revival strategy.

The development spells relief for Jet’s lenders, who have been struggling to save the sinking carrier.

According to reports, five companies have expressed interest in picking up stakes in the airline.

Under the new norms, potential buyers must first provide solvency certificates before they submit their EoIs.

The SBI-led consortium of lenders has asked parties to submit EoIs between April 6 and 9.

Sources said the foreign carriers are in talks with Indian business houses to meet the criterion of “substantial ownership and control”.

With the government moving ahead with the proposed disinvestment, he also emphasised the government would like to protect the interest of e...