Mumbai-based Jet Airways, India's largest private airline, stated today that it will explore various options of raising funds at the company's board meeting to be held on July 24.
In a filing with the Bombay Stock Exchange (BSE), the company stated, "Jet airways has now informed BSE that the board of directors also proposes to consider various options for raising of additional capital (at) the said board meeting".
The company further stated that the board will also consider the unaudited financial results for the first quarter ended June 30, 2009 on the same date.
The company was said to be in talks with some airline companies and also with private equity players to off-load stake.
Share price of the company was trading 0.10 up at Rs 256 on the BSE as compared to its previous day's close of Rs 255.75.