Rhik Kundu
Stories by Rhik Kundu
GVK Group to raise $1b from ADIA, Canada’s PSP to retire debt
The proceeds will also fund the purchase of the Mumbai airport stake from partners Bidvest and ACSA.
Synergy open to pick majority in Jet Airways if lenders agree to convert debt into equity
Synergy runs several airlines in South America, including Colombian carrier Avianca Holdings, the region’s second-largest airline.
Jet Airways fails to garner major EoIs after extending deadline
Jet Airways suspended operations in April due to acute fund crunch.
Jet Airways’ RP seeks nod to liquidate assets to pay pending salaries
Jet Airways currently has about 7,400 employees on its payroll, according to RP Ashish Chhawchharia.
India: IndiGo co-promoter Gangwal questions chairman in letter
Gangwal says Damodaran’s urgency to call board meet after 27 Aug AGM is ‘perplexing'.
Four potential bidders evince interest in troubled Jet Airways
The lenders decided that they would extend the deadline for bids if the airline failed to attract suitors by Saturday.
Feuding IndiGo co-founders said to ready compromise formula
The move may result in every related party transaction in the company being vetted by independent directors.
Indian budget airline GoAir said to revive IPO plan
The budget airline has weighed the idea of public offering several times before, the last being in 2017.
SBI-led consortium names Grant Thornton exec as RP for Jet Airways
Ashish Chhawchharia is partner and head of restructuring services at Grant Thornton.
Etihad, Hinduja unlikely to proceed with plans to resurrect Jet Airways
The income tax department is probing possible tax violations by Jet Airways.
