Rhik Kundu
Stories by Rhik Kundu
GVK buys Bidvest’s stake in Mumbai international airport
Mumbai airport, India’s second-largest in terms of passengers and flights, handled 48.5 million passengers in 2018.
Jet Airways shareholders said to have approved bailout plan
The Jet Airways bailout plan approved earlier would allow domestic lenders, led by State Bank of India, to convert their loans into equity, making the
India: Jet Airways may raise $560m via rights issue if Etihad open offer fails
The decision to raise funds through rights issues comes after the domestic lenders decided to convert existing debt into 114 million shares at a consi
India: Promoter Naresh Goyal refuses to cede control of Jet Airways
Jet Airways promoter Naresh Goyal has made a financial offer to SBI to retain control of the airline, even as Etihad Airways sought to oust him in exc
Etihad poised to take effective control of Jet Airways
The plan could see Etihad Airways raise its stake from the current 24%, and Jet Airways’s promoter and founder Naresh Goyal cede control of the a
SBI-led lenders consortium proposes $900m turnaround plan for Jet Airways
The resolution plan comprises fresh equity infusion and restructuring of $450 million of its loans.
India: Cash-strapped Jet Airways has no intent to exit Jet Privilege completely
The airline is seeking to sell only a portion of its 49.9% stake in Jet Privilege, and will keep a significant stake after any deal.
Cash-strapped Jet Airways gives fundraising mandate to Goldman Sachs
The carrier needs to urgently raise cash to stay afloat, as a rally in jet fuel prices and a weak rupee have eroded its financial health.
India: GMR Infra to pay $482m to PE investors in airports row settlement
GMR Group is also in talks AION Capital to raise around $500 million to buy out existing PE investors before its planned IPO
Etihad makes $35m fresh infusion into Jet Airways India via loyalty arm
Jet Airways had earlier informed lenders that it will raise about Rs3,500 crore over the next six months through a stake sale in its loyalty programme