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Jet gets extension to meet SEBI's public shareholding norm

Last Updated: Tuesday, May 14, 2013, 23:48

For the private listed companies, the deadline to meet the Sebi-stipulated public shareholding norm is June-end.

Jet Airways seeks FIPB nod for selling stake to Etihad

Last Updated: Thursday, May 02, 2013, 17:59

Private carrier Jet Airways has sought approval of the Foreign Investment Promotion Board (FIPB) to sell 24 percent stake in the company to Gulf carrier Etihad Airways, sources said Thursday.

Jet to sell 24% stake to Etihad Airways for Rs 2,058 cr

Last Updated: Wednesday, April 24, 2013, 12:56

"The value of this equity investment is USD 379 million (about Rs 2,058 crore) and will result in Etihad Airways holding 24 percent of the enlarged share capital of Jet Airways," a joint statement by the two airlines said.

Allow foreign airlines to invest 49% in domestic carriers: CII

Last Updated: Sunday, February 05, 2012, 10:42

Industry body CII Sunday suggested that the government liberalise the FDI policy to allow foreign airlines to invest up to 49 percent in cash-starved domestic air-carriers.

FDI in aviation may give flight to domestic airlines

Last Updated: Sunday, January 22, 2012, 20:04

The Indian aviation market is one of the fastest growing in the world. Last year, it expanded by 20 percent.

FDI in Indian carriers gets mixed response

Last Updated: Wednesday, January 18, 2012, 19:58

It also prohibits any foreign financial or other institution, seeking to invest in Indian airlines, to be in any way linked with airline business.

Govt to decide soon on FDI in airlines: Report

Last Updated: Wednesday, January 11, 2012, 22:04

Other foreign investors are allowed to invest in Indian airlines as long as the total does not exceed 49 percent.

Ind Min wants FDI in airlines exempted from SEBI takeover code

Last Updated: Sunday, January 08, 2012, 20:02

In a move to help cash-starved airlines like Kingfisher, the Industry Ministry is pitching for exemption of the sector from SEBI's takeover code, which would come in the way of foreign carriers picking up a 26 percent stake in domestic companies, sources said.

Ind Min wants FDI in airlines exempted from Sebi takeover code

Last Updated: Sunday, January 08, 2012, 13:02

As per the present policy, up to 49 percent FDI is allowed in domestic carriers, but foreign airlines have been kept out of the option.

Govt may allow foreign airlines to invest in local carriers: Official

Last Updated: Monday, October 24, 2011, 13:03

India allows foreign investment of up to 49 percent in Indian carriers, but foreign airlines are not allowed to invest directly or indirectly in domestic carriers.

DIPP favours foreign airlines' investment in domestic carriers

Last Updated: Wednesday, September 21, 2011, 18:38

The Industry Ministry is in favour of allowing foreign airlines to invest in domestic carriers, saying it would help the cash-crunch industry to raise equity, an issue that does not find support among many Indian airlines.

DIPP favours foreign airlines' investment in domestic carriers

Last Updated: Wednesday, September 21, 2011, 18:00

The Industry Ministry is in favour of allowing foreign airlines to invest in domestic carriers, saying it would help the cash-crunch industry to raise equity, an issue that does not find support among many Indian airlines.