Business Standard

Thursday, December 26, 2024 | 07:30 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Lenders, Etihad want UK's richest family, the Hindujas, to buy into Jet

The Hinduja Group is non-committal but will keep its options open

Jet Airways employes at a peaceful demonstration at Jantar Mantar in New Delhi on Thursday | Photo: Sanjay K Sharma
Premium

Jet Airways employes at a peaceful demonstration at Jantar Mantar in New Delhi on Thursday | Photo: Sanjay K Sharma

BS Web TeamAgencies
Etihad Airways, the second-largest shareholder in Jet Airways and other lenders to the airline have reportedly approach UK's Hinduja Group for a stake sale. 

"The Hinduja Group has so far not given a clear commitment about investing in Jet, but began showing interest after Etihad representatives approached GP Hinduja, the elder brother, who heads the group. The senior Hinduja, in turn, put Etihad in touch with Ashok Hinduja, the younger brother, who leads the India business," reported Economic Times. 


Indian-born industrialist brother, Sri and Gopichand Hinduja, last week reclaimed the title of Britain's wealthiest by posting fortunes of 22 billion pounds to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in