Jet Airways-Etihad stake buy deal: SEBI says no reference received on relaxing rules

New Delhi: Markets watchdog SEBI on Thursday said it has not received any reference on relaxation in rules regarding Jet Airways.

The regulator's statement comes amid reports that relaxations have been sought by Gulf carrier Etihad for infusing additional funds into crisis-hit Jet Airways, which is listed on the exchanges.

Representational image. Reuters

Representational image. Reuters

In its brief statement issued in the afternoon, SEBI referred to reports about certain relaxations of regulations with respect to Jet Airways.

However, the regulator did not provide elaborate.

"It is hereby clarified that SEBI has neither received any reference in this regard from any quarter nor has it expressed any views in the matter," the statement said.

Shares of Jet Airways rose nearly three per cent to Rs 272 on the BSE at around 1330 hours.

Grappling with financial woes, Jet Airways is looking to raise fresh funds, including from strategic partner Etihad, which currently holds 24 percent stake in the airline.

According to reports, Etihad has sought various relaxations, including exemption from possible open offer in case it infuses more funds into Jet Airways.

 

 

To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day.

To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.

Updated Date: Jan 24, 2019 13:59:20 IST

Also See