Sunday 16 December 2018
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wn.com - 1 month ago

Tata Sons board may meet tomorrow to consider proposal to bid for cash-strapped Jet Airways

Will the beleaguered Naresh Goyal-owned Jet Airways be acquired by the Tatas? The board of Tata Sons is likely to meet on Friday to discuss a proposal to take over the Naresh Goyal-controlled Jet Airways, which is looking for investors to tide over liquidity crunch that it has been saddled with, according to people familiar with the development. The purchase of airline could transform India s largest conglomerate from airline fringe player into the country s dominant, full-service international carrier. Airline s deputy chief executive and chief financial officer Amit Agarwal earlier this week had admitted that the company was in talks with multiple interested parties for fund infusion as...

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