Top 10 biz headlines: Jet lenders push for revival, Grofers funding, & more

From Jet Airways stake sale to Grofers fundraising, Business Standard brings you top stories that made news on Wednesday

Jet lenders make last push to find investors to pick up stake in airline

Etihad Airways’ conditional offer to be a minority stakeholder in Jet Airways has thrown lenders into a tizzy. With little signs of any investor willing to buy 76 per cent, the lenders’ consortium led by State Bank of India has now initiated a process to find investors who could hold small stakes along with Etihad. The lenders are of the opinion that the ownership of Jet Airways can be divided between three entities, each holding 20 per cent, while Etihad could keep 24 per cent.