Anil Agarwal's Volcan Investment shows interest in buying stake in defunct carrier Jet Airways
Volcan Investment's EoI is in now way connected to Vedanta, the company said in a statement
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Volcan Investment's EoI is in now way connected to Vedanta, the company said in a statement
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The last date for submission of expression of interest (EoI) was 10 August
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Of the three entities that submitted EoIs, two are financial players and another is Panama-based fund Avantulo Group
Mumbai: Mining baron Anil Agarwal's investment company, Volcan Investment, on Sunday said that it has shown interest in acquiring stake in defunct carrier Jet Airways.
"Volcan Investment, investment company for Anil Agarwal, in an exploratory move, has sought an EoI for Jet Airways to understand the business scenario for the company and the industry," the company said in a statement.
"This EoI is in no way linked to Vedanta," it added.
A file photo of Anil Agarwal. Image courtesy: Twitter/@AnilAgarwal_Ved
The last date for submission of expression of interest (EoI) was 10 August.
Of the three entities that submitted EoIs, two are financial players and another is Panama-based fund Avantulo Group, PTI had reported on Saturday.
Etihad Airways, which holds 24 percent stake in Jet Airways, did not submit the bid.
The three EoIs will be reviewed by the resolution professional (RP) Ashish Chhawchharia to ascertain their eligibility.
Late last month, the RP had floated EoIs for selling stake in the airline that stopped flying mid-April.
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In April, Etihad had presented a conditional expression of interest to reinvest in Jet Airways as a minority stakeholder, with a partner, but it did not materialise.