 "Rajnish Kumar")
The State Bank of India-led consortium of lenders has not rejected Etihad Airways’ bailout offer for financially stressed Jet Airways and is waiting for the Securities and Exchange Board of India’s (Sebi’s) decision on granting exemptions to the foreign player, SBI Chairman Rajnish Kumar said on Saturday.
Etihad, which holds a 24 per cent stake in India’s second-largest airline, has made an offer to invest only at Rs 150 per share, which is 53 per cent of Jet’s closing price of Rs 281.35 on Friday. The UAE-based carrier is also seeking an exemption from Sebi on preference pricing and open
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