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Jet plans to raise $840 m

MUMBAI: Jet Airways plans to raise around $840 million from a government fund and a rights issue, a news channel said today.

Jet plans to raise $840 m


Mumbai, February 15

Jet Airways plans to raise around $840 million from a government fund and a rights issue, a news channel said today.  National Investment and Infrastructure Fund will funnel Rs 1,500 crore into the carrier for a 20% stake and Jet may propose to raise Rs 4,500 crore via a rights issue priced at Rs 125-150 per share, it said, citing sources. — Reuters

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