Etihad proposes hike in stake to bail out Jet Airways
With no resolution forthcoming last week and a deadlock persisting, Abu Dhabi-owned Etihad has submitted an alternate proposal for a stake hike in Jet Airways.
Jet Airways crisis: With the SEBI formula for preferential allotment seen as unrealistic and unworkable, Etihad has proposed a rights issue worth US $500 million. Image source: Reuters