INSUBCONTINENT EXCLUSIVE:
Jet Airways Naresh Goyal may still have the option to return to the airline he founded 26 years back since the lead banker of the lenders'
consortium SBI has left the door open for any investor, including Mr Goyal.As the bank gets down to drawing up the Expression of Interest in
a few days to invite investors to buy the airline with majority control, SBI chairman Rajnish Kumar has said the buyer could be anyone, a
financial investor, an airline
There is no legal bar on anyone with a funding and revival plan in place
The option is open for anyone including Naresh Goyal and Etihad to bid for the stake
Nobody is barred from bidding or taking over the airline as per the rules of the ministry of civil aviation.Following the change in
management, Mr Goyal owns 25.5 per cent, Etihad 12 per cent while the SBI-led management has 51 per cent
Sources said Mr Goyal could eventually reduce his current 25.5 per cent shareholding in the airline to below 10 per cent, if a new investor
to find an investor after having succeeded to change the management in asking Naresh Goyal and his wife Anita to step down from the board of
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